BOX (NYSE:BOX) Stock Price Expected to Rise, DA Davidson Analyst Says

BOX (NYSE:BOX - Get Free Report) had its price target increased by equities research analysts at DA Davidson from $40.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. DA Davidson's price objective indicates a potential upside of 20.38% from the company's current price. DA Davidson also issued estimates for BOX's Q2 2026 earnings at ($0.07) EPS.

A number of other equities analysts have also weighed in on BOX. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $37.00 to $40.00 in a research note on Wednesday. Wall Street Zen upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Royal Bank of Canada restated an "underperform" rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. Morgan Stanley cut their price target on BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James reiterated an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.11.

BOX Stock Up 1.4%

Shares of BOX stock traded up $0.51 during trading on Wednesday, reaching $37.38. The company's stock had a trading volume of 12,781,958 shares, compared to its average volume of 1,911,273. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 46.73, a P/E/G ratio of 4.42 and a beta of 0.94. BOX has a 1-year low of $24.63 and a 1-year high of $37.66. The company has a 50-day simple moving average of $31.05 and a two-hundred day simple moving average of $32.16.

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

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

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $29.58, for a total value of $81,345.00. Following the transaction, the vice president now directly owns 121,922 shares in the company, valued at approximately $3,606,452.76. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 1,332 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.01, for a total value of $38,641.32. Following the completion of the transaction, the chief operating officer now owns 492,545 shares in the company, valued at $14,288,730.45. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock worth $2,060,714 in the last ninety days. Insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC lifted its holdings in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 period. MorganRosel Wealth Management LLC purchased a new stake in BOX in the first quarter valued at approximately $31,000. Geneos Wealth Management Inc. purchased a new stake in BOX in the first quarter valued at approximately $31,000. Finally, Versant Capital Management Inc raised its position in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.