BOX (NYSE:BOX) Shares Gap Up After Better-Than-Expected Earnings

Key Points

• Box, Inc. (NYSE:BOX) shares opened at $33.73 following a better-than-expected earnings report, with EPS of $0.33 exceeding the $0.31 consensus estimate.
• The company reported quarterly revenue of $294 million, surpassing analysts' expectations of $290.19 million, marking an 8.9% year-over-year increase.
• Wall Street analysts have mixed ratings for BOX, with an average price target of $39, while eight analysts rate the stock as a "Buy."

Box, Inc. (NYSE:BOX - Get Free Report) shares gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $31.16, but opened at $33.73. BOX shares last traded at $31.69, with a volume of 1,551,687 shares changing hands.

The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The company had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. During the same quarter in the previous year, the company posted $0.44 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BOX shares. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price target on shares of BOX in a research report on Wednesday. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada lifted their price target on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research report on Wednesday. Finally, Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, BOX currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction on Friday, August 8th. The shares were sold at an average price of $32.00, for a total transaction of $64,416.00. Following the sale, the chief operating officer directly owned 530,060 shares in the company, valued at $16,961,920. This trade represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bethany Mayer sold 5,123 shares of BOX stock in a transaction 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 sale, the director owned 15,284 shares in the company, valued at $520,573.04. This represents a 25.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 94,504 shares of company stock worth $3,363,371 in the last three months. Company insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TCTC Holdings LLC raised its stake 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock worth $25,000 after acquiring an additional 713 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in BOX by 332.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after acquiring an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in BOX during the 1st quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in BOX during the 1st quarter worth $31,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Up 2.7%

The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 24.76 and a beta of 0.96. The stock's 50 day moving average is $32.67 and its two-hundred day moving average is $32.52.

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.

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