BOX (NYSE:BOX) Earns "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 reaffirmed by equities researchers at Raymond James Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $42.00 price target on the software maker's stock. Raymond James Financial's price target points to a potential upside of 28.88% from the company's previous close.

Several other equities analysts have also commented on BOX. DA Davidson set a $45.00 price target on shares of BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. increased their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada increased their price target on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Finally, Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.00.

BOX Price Performance

Shares of BOX stock traded down $0.24 during trading hours on Wednesday, reaching $32.59. 2,571,684 shares of the stock were exchanged, compared to its average volume of 2,163,685. The business's fifty day moving average is $32.54 and its two-hundred day moving average is $32.46. BOX has a 12-month low of $28.00 and a 12-month high of $38.80. The firm has a market capitalization of $4.69 billion, a P/E ratio of 26.28 and a beta of 0.95.

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

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $37.23, for a total transaction of $483,990.00. Following the transaction, the chief financial officer directly owned 1,507,550 shares in the company, valued at approximately $56,126,086.50. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director owned 15,284 shares in the company, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,081 shares of company stock valued at $1,762,323. 3.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOX

Hedge funds have recently modified their holdings of the business. TCTC Holdings LLC lifted its holdings in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock worth $25,000 after purchasing an additional 713 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after purchasing an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX during the first quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the first quarter worth $31,000. 86.74% of the stock is currently owned by hedge funds and other 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.