BOX's (BOX) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Buy (B-)" rating for BOX, indicating positive sentiment from analysts despite mixed opinions from other brokerages.
• BOX's stock price rose to $33.00 with a market cap of $4.78 billion, while the consensus target price among analysts is $38.25.
• Institutional investors hold a significant 86.74% of BOX's shares, with several firms increasing their positions in the company during the second quarter.

BOX (NYSE:BOX - Get Free Report)'s stock had its "buy (b-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on BOX. Royal Bank Of Canada increased their price objective on BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 27th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Citigroup increased their target price on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. Finally, UBS Group cut BOX from a "buy" rating to a "neutral" rating and reduced their target price for the company from $42.00 to $36.00 in a research note on Thursday, September 18th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.25.

BOX Price Performance

Shares of NYSE:BOX traded up $0.22 during trading on Wednesday, hitting $33.00. 1,894,302 shares of the company were exchanged, compared to its average volume of 1,936,807. BOX has a 52-week low of $28.00 and a 52-week high of $38.80. The company has a market cap of $4.78 billion, a PE ratio of 26.61 and a beta of 0.90. The stock has a 50 day moving average of $32.17 and a 200 day moving average of $32.46.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 21.77% and a net margin of 20.30%.The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. During the same quarter last year, the business posted $0.44 earnings per share. The firm's 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. Sell-side analysts forecast that BOX will post 0.27 EPS for the current fiscal year.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 51,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the sale, the chief financial officer directly owned 1,480,732 shares in the company, valued at $48,612,431.56. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 3,000 shares of BOX stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the transaction, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,026 shares of company stock valued at $3,057,589 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently made changes to their positions in BOX. Acadian Asset Management LLC increased its position in shares of BOX by 36.4% during the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock valued at $141,345,000 after acquiring an additional 1,104,314 shares in the last quarter. Norges Bank bought a new stake in shares of BOX during the 2nd quarter valued at $33,042,000. Qube Research & Technologies Ltd grew its position in shares of BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock valued at $41,354,000 after acquiring an additional 854,953 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of BOX during the 2nd quarter valued at $22,626,000. Finally, Sunriver Management LLC lifted its stake in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock valued at $47,736,000 after buying an additional 597,410 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

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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