BOX (NYSE:BOX) Given a $45.00 Price Target by DA Davidson Analysts

BOX (NYSE:BOX - Get Free Report) received a $45.00 price target from equities researchers at DA Davidson in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the software maker's stock. DA Davidson's price objective would indicate a potential upside of 18.92% from the stock's current price. DA Davidson also issued estimates for BOX's Q2 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.26) EPS.

A number of other research firms also recently commented on BOX. Raymond James reiterated an "outperform" rating and issued a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada restated an "underperform" rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, March 19th. Morgan Stanley cut their price target on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Finally, Wall Street Zen upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, BOX has a consensus rating of "Moderate Buy" and an average target price of $38.50.

BOX Trading Up 1.3%

Shares of NYSE:BOX traded up $0.49 during trading on Wednesday, hitting $37.84. 3,948,945 shares of the company's stock were exchanged, compared to its average volume of 1,909,790. The firm has a market cap of $5.44 billion, a P/E ratio of 47.30, a PEG ratio of 4.42 and a beta of 0.94. The firm has a 50-day moving average price of $31.19 and a two-hundred day moving average price of $32.17. BOX has a 1-year low of $24.63 and a 1-year high of $37.96.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, research analysts predict that BOX will post 0.27 EPS for the current year.

BOX declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 3,434 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.54, for a total value of $108,308.36. Following the completion of the transaction, the chief operating officer now directly owns 556,011 shares of the company's stock, valued at approximately $17,536,586.94. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $31.52, for a total value of $409,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,520,550 shares in the company, valued at $47,927,736. This represents a 0.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,377 shares of company stock valued at $2,060,714. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. TCTC Holdings LLC boosted its position in BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after acquiring an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of BOX in the first quarter worth $31,000. Geneos Wealth Management Inc. acquired a new position in BOX during the first quarter worth $31,000. Finally, Versant Capital Management Inc boosted its holdings in BOX by 519.4% during the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock worth $60,000 after purchasing an additional 1,636 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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.