BOX (NYSE:BOX) Issues Quarterly Earnings Results

BOX (NYSE:BOX - Get Free Report) issued its earnings results on Tuesday. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05, Briefing.com reports. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The business had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. During the same period in the previous year, the company earned $0.39 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. BOX updated its FY 2026 guidance to 1.220-1.260 EPS and its Q2 2026 guidance to 0.300-0.310 EPS.

BOX Trading Up 1.3%

Shares of NYSE:BOX traded up $0.49 during midday trading on Friday, reaching $37.84. 3,948,945 shares of the company were exchanged, compared to its average volume of 1,909,790. The stock has a market cap of $5.44 billion, a PE ratio of 47.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The business's fifty day moving average is $31.19 and its two-hundred day moving average is $32.17. BOX has a one year low of $24.63 and a one year high of $37.96.

BOX declared that its Board of Directors has authorized a share buyback program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

BOX has been the subject of several recent research reports. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday. Royal Bank of Canada boosted their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $37.00 to $40.00 in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.52, for a total value of $409,760.00. Following the sale, the chief financial officer now owns 1,520,550 shares of the company's stock, valued at approximately $47,927,736. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Olivia Nottebohm sold 2,105 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the completion of the sale, the chief operating officer now directly owns 427,113 shares in the company, valued at approximately $13,137,995.88. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock valued at $2,060,714 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of BOX by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker's stock valued at $14,746,000 after acquiring an additional 32,726 shares during the period. Woodline Partners LP increased its stake in BOX by 16.4% in the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker's stock worth $549,000 after buying an additional 2,506 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in BOX in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.