Box, Inc. (NYSE:BOX) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts’ consensus: Ten analysts give BOX an average rating of "Hold" (1 sell, 5 hold, 4 buy) with a mean 12‑month target of $35.57.
• Quarterly results: Box reported $0.49 EPS (beat by $0.16) and revenue of $305.9M, up 9.4% year‑over‑year, while analysts project $0.34 EPS for the current year.
• Capital return and insider activity: The board authorized a $500M buyback (up to ~14.2% of shares), even as insiders sold about 111,954 shares (~$2.7M) in the past three months.

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have been given an average recommendation of "Hold" by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.5714.

Several equities research analysts have issued reports on BOX shares. Morgan Stanley decreased their price target on shares of BOX from $38.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 12th. William Blair reissued a "market perform" rating on shares of BOX in a research report on Monday, March 23rd. UBS Group decreased their target price on shares of BOX from $31.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, March 4th. DA Davidson reissued a "buy" rating and issued a $45.00 target price on shares of BOX in a research report on Friday, March 20th. Finally, Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 25th.

BOX Price Performance

BOX stock opened at $25.04 on Friday. BOX has a 12-month low of $21.34 and a 12-month high of $38.80. The stock has a market capitalization of $3.47 billion, a P/E ratio of 42.44, a P/E/G ratio of 1.28 and a beta of 0.71. The firm's 50-day moving average is $23.93 and its two-hundred day moving average is $27.32.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.88 million for the quarter, compared to analysts' expectations of $305.64 million. During the same period last year, the company earned $0.42 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that BOX will post 0.34 EPS for the current year.

BOX announced that its board has initiated a stock buyback program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Dana L. Evan sold 17,034 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $24.24, for a total value of $412,904.16. Following the sale, the director directly owned 113,525 shares of the company's stock, valued at approximately $2,751,846. This trade represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Olivia Nottebohm sold 6,528 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $24.07, for a total transaction of $157,128.96. Following the completion of the sale, the chief operating officer directly owned 487,488 shares in the company, valued at $11,733,836.16. This represents a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 111,954 shares of company stock valued at $2,712,131. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOX

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in BOX by 2.8% during the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker's stock valued at $596,576,000 after buying an additional 497,658 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock valued at $134,932,000 after buying an additional 604,946 shares in the last quarter. RGM Capital LLC lifted its position in BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker's stock valued at $99,605,000 after buying an additional 251,520 shares in the last quarter. Sei Investments Co. lifted its position in BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker's stock valued at $107,033,000 after buying an additional 94,289 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker's stock valued at $91,351,000 after buying an additional 3,053,829 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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