Box, Inc. (NYSE:BOX) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts give Box a consensus "Hold" rating from nine firms (1 sell, 4 hold, 4 buy) with an average 12‑month target of about $35.57.
• Insiders have been selling recently—CEO Aaron Levie sold 15,000 shares and CFO Dylan C. Smith sold 17,000, with insiders offloading 84,999 shares (~$2.25M) in the last 90 days while owning 3.90% of the stock.
• Box beat estimates last quarter with $0.49 EPS vs. $0.33 expected and revenue of $305.88M (up 9.4% YoY), while the stock trades near the mid-$20s with a market cap around $3.56B.

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have received an average recommendation of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation 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 analysts recently issued reports on the stock. DA Davidson restated a "buy" rating and issued a $45.00 target price on shares of BOX in a report on Wednesday, December 3rd. Citigroup decreased their price target on BOX from $40.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Wall Street Zen raised BOX from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Weiss Ratings reissued a "hold (c+)" rating on shares of BOX in a research note on Monday, December 29th. Finally, Morgan Stanley cut their target price on BOX from $38.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Thursday.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total value of $370,800.00. Following the completion of the sale, the chief executive officer owned 2,907,030 shares in the company, valued at $71,861,781.60. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the business's stock in a transaction on Friday, January 9th. The shares were sold at an average price of $29.57, for a total transaction of $502,690.00. Following the transaction, the chief financial officer owned 1,328,195 shares in the company, valued at $39,274,726.15. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 84,999 shares of company stock valued at $2,245,779 in the last ninety days. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

A number of large investors have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of BOX by 25.6% in the 3rd quarter. CWM LLC now owns 1,503 shares of the software maker's stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of BOX by 3.6% during the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker's stock worth $355,000 after purchasing an additional 361 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of BOX by 1.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker's stock worth $816,000 after purchasing an additional 387 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of BOX by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker's stock worth $147,000 after purchasing an additional 405 shares during the last quarter. Finally, Aviva PLC increased its position in shares of BOX by 3.4% in the second quarter. Aviva PLC now owns 13,488 shares of the software maker's stock worth $461,000 after purchasing an additional 442 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Performance

NYSE:BOX opened at $24.88 on Friday. BOX has a fifty-two week low of $21.61 and a fifty-two week high of $38.80. The company has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $29.43. The company has a market capitalization of $3.56 billion, a PE ratio of 42.16, a P/E/G ratio of 1.21 and a beta of 0.80.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The firm had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. During the same quarter in the previous year, the company earned $0.42 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that BOX will post 0.27 EPS for the current year.

About BOX

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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