BOX (NYSE:BOX) Hits New 12-Month High - Still a Buy?

Key Points

• BOX reached a new 52-week high of $40.79, well above its 50-day and 200-day moving averages of $34.53 and $29.40, respectively.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $37.80 target price, although DA Davidson raised its target to $50 and maintained a Buy rating.
• Recent results were solid, with quarterly revenue rising 9.2% year over year to $321.15 million and EPS matching estimates at $0.40; however, insiders sold 70,135 shares worth about $2.45 million in the last quarter.

Box, Inc. (NYSE:BOX - Get Free Report)'s share price hit a new 52-week high on Tuesday. The stock traded as high as $40.79 and last traded at $40.4570, with a volume of 4,022,407 shares changing hands. The stock had previously closed at $39.56.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup boosted their price target on BOX from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. Bank of America reissued a "buy" rating on shares of BOX in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. Finally, DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.80.

BOX Price Performance

The firm's fifty day moving average price is $34.53 and its 200-day moving average price is $29.40. The firm has a market capitalization of $5.55 billion, a P/E ratio of 58.63, a PEG ratio of 10.40 and a beta of 0.72.

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

Insider Activity

In other news, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total value of $513,600.00. Following the sale, the chief executive officer owned 2,859,673 shares of the company's stock, valued at approximately $97,915,203.52. The trade was a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dana L. Evan sold 6,158 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the sale, the director owned 115,739 shares of the company's stock, valued at approximately $4,050,865. This trade represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 70,135 shares of company stock worth $2,447,157 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOX. Counterpoint Mutual Funds LLC bought a new stake in BOX in the third quarter worth about $9,444,000. Triasima Portfolio Management inc. acquired a new stake in BOX in the 3rd quarter valued at about $3,284,000. Assenagon Asset Management S.A. lifted its holdings in BOX by 4,928.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 438,484 shares of the software maker's stock valued at $14,680,000 after acquiring an additional 429,764 shares during the last quarter. Myecfo LLC boosted its position in shares of BOX by 1.9% during the 3rd quarter. Myecfo LLC now owns 16,476 shares of the software maker's stock valued at $552,000 after purchasing an additional 304 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of BOX by 408.2% during the 3rd quarter. Fortitude Family Office LLC now owns 747 shares of the software maker's stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

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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