BOX (NYSE:BOX) Stock Rating Lowered by UBS Group

Key Points

• UBS Group has maintained a neutral rating for BOX, reducing its price target from $42.00 to $36.00, which suggests an upside potential of 10.01% from the stock's previous close.
• BOX reported earnings of $0.33 per share for the latest quarter, exceeding analysts' estimates of $0.31, with revenue rising by 8.9% year-over-year to $294 million.
• Hedge funds currently hold 86.74% of BOX's stock, with notable increases in holdings from Arrowstreet Capital and Acadian Asset Management in the last quarter.

UBS Group downgraded shares of BOX (NYSE:BOX - Free Report) from a buy rating to a neutral rating in a research report report published on Thursday, MarketBeat Ratings reports. UBS Group currently has $36.00 price target on the software maker's stock, down from their previous price target of $42.00.

Several other research analysts have also commented on the stock. DA Davidson set a $45.00 price objective on shares of BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Citigroup raised their target price on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BOX presently has an average rating of "Moderate Buy" and an average target price of $38.25.

BOX Price Performance

Shares of NYSE BOX traded down $0.16 during midday trading on Thursday, hitting $32.14. The company's stock had a trading volume of 3,327,873 shares, compared to its average volume of 2,185,933. The business's fifty day simple moving average is $32.24 and its two-hundred day simple moving average is $32.35. BOX has a 1 year low of $28.00 and a 1 year high of $38.80. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 25.92 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. During the same quarter last year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Analysts anticipate that BOX will post 0.27 EPS for the current fiscal year.

Insider Activity at BOX

In other news, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $32.00, for a total value of $64,416.00. Following the transaction, the chief operating officer owned 530,060 shares in the company, valued at $16,961,920. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Eli Berkovitch sold 3,000 shares of BOX stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total transaction of $100,020.00. Following the sale, the vice president owned 133,867 shares in the company, valued at $4,463,125.78. This represents a 2.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,752 shares of company stock valued at $3,395,069. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOX

Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock worth $141,345,000 after acquiring an additional 1,104,314 shares during the last quarter. Norges Bank acquired a new position in shares of BOX during the 2nd quarter worth approximately $33,042,000. Qube Research & Technologies Ltd increased its holdings in shares of BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock worth $41,354,000 after acquiring an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in BOX in the 2nd quarter valued at $22,626,000. Finally, Sunriver Management LLC grew its holdings in BOX by 62.9% in the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock valued at $47,736,000 after buying an additional 597,410 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

About BOX

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.