Box, Inc. (NYSE:BOX) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Box, with four hold, three buy, and one sell rating among eight firms. The average 12-month price target is $37.80.
• Box’s latest quarterly results met expectations, with EPS of $0.40 and revenue of $321.15 million, up 9.2% year over year. Shares opened at $32.74, up 4.5%, with a 52-week range of $21.34 to $36.34.
• Company insiders sold 72,476 shares worth approximately $2.36 million during the last quarter, while institutional investors remain major shareholders, owning 86.74% of BOX.

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have earned an average rating of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.80.

BOX has been the subject of several recent research reports. Weiss Ratings raised shares of BOX from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 23rd. Citigroup upped their price target on shares of BOX from $37.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Morgan Stanley increased their price target on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 26th. DA Davidson lifted their price objective on BOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada reissued an "underperform" rating and issued a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th.

Insiders Place Their Bets

In other news, COO Olivia Nottebohm sold 5,834 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the sale, the chief operating officer owned 513,382 shares of the company's stock, valued at $16,587,372.42. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.52, for a total transaction of $586,840.00. Following the transaction, the chief financial officer directly owned 1,320,075 shares of the company's stock, valued at approximately $45,568,989. This trade represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 72,476 shares of company stock worth $2,364,766. Corporate insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of BOX during the 2nd quarter worth about $56,000. Hantz Financial Services Inc. increased its stake in shares of BOX by 337.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,557 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of BOX by 624.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,202 shares of the software maker's stock valued at $66,000 after purchasing an additional 1,898 shares in the last quarter. Globeflex Capital L P acquired a new position in BOX in the 2nd quarter worth about $102,000. Finally, KBC Group NV raised its holdings in BOX by 43.9% in the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker's stock worth $115,000 after purchasing an additional 1,485 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Up 4.5%

Shares of NYSE BOX opened at $32.74 on Wednesday. BOX has a 52 week low of $21.34 and a 52 week high of $36.34. The business's 50 day moving average price is $32.99 and its 200 day moving average price is $28.16. The firm has a market cap of $4.49 billion, a P/E ratio of 47.45, a P/E/G ratio of 10.21 and a beta of 0.73.

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, hitting analysts' consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same period last year, the firm posted $0.33 EPS. BOX's revenue for the quarter 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. As a group, research analysts expect that BOX will post 0.32 earnings per share for the current year.

BOX Company Profile

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company's primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.