BOX (NYSE:BOX) Receives Outperform Rating from Raymond James Financial

Key Points

• Raymond James Financial has restated its "outperform" rating for BOX, with a target price of $42.00, suggesting a potential upside of 30.85% from the current price.
• BOX's latest quarterly earnings exceeded expectations, reporting $0.33 earnings per share compared to the forecast of $0.31, with a revenue increase of 8.9% year-over-year.
• Institutional ownership in BOX is strong, with 86.74% of the stock held by institutional investors and hedge funds, indicating significant market confidence in the company's performance.

BOX (NYSE:BOX - Get Free Report)'s stock had its "outperform" rating restated by analysts at Raymond James Financial in a research report issued on Wednesday,Benzinga reports. They presently have a $42.00 target price on the software maker's stock. Raymond James Financial's price objective would suggest a potential upside of 30.85% from the company's current price.

Several other analysts have also issued reports on the stock. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Royal Bank Of Canada lifted their target price on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research report on Wednesday. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. DA Davidson set a $45.00 target price on shares of BOX and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their target price for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.75.

BOX Stock Performance

Shares of NYSE BOX opened at $32.10 on Wednesday. The company's fifty day moving average price is $32.67 and its 200 day moving average price is $32.52. BOX has a 1 year low of $28.00 and a 1 year high of $38.80. The company has a market capitalization of $4.62 billion, a PE ratio of 24.48 and a beta of 0.96.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The firm had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm's quarterly revenue 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. On average, equities analysts expect that BOX will post 0.27 EPS for the current year.

Insider Activity

In related news, VP Eli Berkovitch sold 5,924 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.70, for a total transaction of $223,334.80. Following the transaction, the vice president directly owned 138,770 shares in the company, valued at approximately $5,231,629. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 37,499 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $36.74, for a total transaction of $1,377,713.26. Following the transaction, the director owned 51,530 shares in the company, valued at $1,893,212.20. The trade was a 42.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,504 shares of company stock valued at $3,363,371 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerity Partners LLC acquired a new position in BOX during the first quarter worth about $1,395,000. SG Americas Securities LLC boosted its holdings in BOX by 420.1% in the 1st quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock valued at $928,000 after purchasing an additional 24,286 shares during the last quarter. Quantinno Capital Management LP acquired a new position in BOX in the 4th quarter valued at about $289,000. Sunriver Management LLC boosted 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 purchasing an additional 597,410 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in BOX by 8,676.2% in the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after purchasing an additional 126,152 shares during the last quarter. 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.

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