Box, Inc. (BOX) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Box, with one sell, four hold and three buy ratings; the average 12-month price target is $37.80.
• Box reported quarterly EPS of $0.40, matching estimates, while revenue of $321.15 million exceeded forecasts and rose 9.2% year over year.
• BOX shares opened at $43.12, near their 52-week high of $43.22, as institutional ownership reached 86.74%; company insiders sold 75,428 shares worth about $2.67 million over the last quarter.

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have been given a consensus recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.80.

Several research firms have issued reports on BOX. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 26th. DA Davidson increased their target price on shares of BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Citigroup increased their price target on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Bank of America reaffirmed a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Finally, UBS Group upped their price target on BOX from $29.00 to $37.00 and gave the company a "neutral" rating in a report on Wednesday, August 26th.

BOX Stock Performance

Shares of BOX stock opened at $43.12 on Friday. The firm has a market capitalization of $5.92 billion, a P/E ratio of 62.50, a PEG ratio of 11.36 and a beta of 0.72. The stock's fifty day moving average is $35.29 and its two-hundred day moving average is $29.88. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $43.22.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The business had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same period in the prior year, the business earned $0.33 earnings per share. The business's revenue was up 9.2% compared to the same quarter last year. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities analysts forecast that BOX will post 0.32 earnings per share for the current year.

Insider Transactions at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total transaction of $513,600.00. Following the transaction, the chief executive officer directly owned 2,859,673 shares of the company's stock, valued at approximately $97,915,203.52. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dylan Smith sold 17,000 shares of the firm's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $36.56, for a total value of $621,520.00. Following the transaction, the chief financial officer directly owned 1,293,100 shares in the company, valued at approximately $47,275,736. This represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 75,428 shares of company stock worth $2,667,239. Insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On BOX

Several institutional investors have recently bought and sold shares of BOX. Wellington Management Group LLP increased its position in BOX by 5,002.2% during the 2nd quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker's stock worth $13,693,000 after purchasing an additional 505,820 shares during the period. Pacer Advisors Inc. increased its position in shares of BOX by 13,002.6% in the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker's stock valued at $11,876,000 after buying an additional 498,521 shares in the last quarter. Janus Henderson Group PLC raised its position in BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock worth $27,141,000 after acquiring an additional 491,505 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of BOX by 4,928.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 438,484 shares of the software maker's stock worth $14,680,000 after purchasing an additional 429,764 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock worth $116,285,000 after acquiring an additional 407,733 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

Box, Inc NYSE: BOX provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company's offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.

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