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

Key Points

• Box shares reached a new 52-week high, trading around $43.96, above the previous close of $43.01.
• Analysts’ overall rating is Hold, with a consensus price target of $37.80—below the current share price. Ratings are mixed, with three Buys, four Holds, and one Sell.
• In its latest reported quarter, Box matched EPS estimates at $0.40 and topped revenue expectations with $321.15 million; revenue rose 9.2% year over year. Insiders sold 75,428 shares in the past 90 days.

Box, Inc. (NYSE:BOX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $43.92 and last traded at $43.9630, with a volume of 113,974 shares trading hands. The stock had previously closed at $43.01.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "underperform" rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Morgan Stanley increased their price objective on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 26th. Citigroup lifted their target price on shares of BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, October 4th. Finally, Bank of America reissued a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $37.80.

BOX Price Performance

The stock's 50 day simple moving average is $36.67 and its two-hundred day simple moving average is $28.91. The firm has a market cap of $6.09 billion, a P/E ratio of 64.33, a P/E/G ratio of 11.37 and a beta of 0.65.

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

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the completion of the transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $36.56, for a total transaction of $621,520.00. Following the completion of the transaction, the chief financial officer owned 1,293,100 shares in the company, valued at approximately $47,275,736. This represents a 1.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 75,428 shares of company stock worth $2,667,239 in the last 90 days. Insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOX. Hohimer Wealth Management LLC grew its stake in shares of BOX by 3.0% in the third quarter. Hohimer Wealth Management LLC now owns 9,297 shares of the software maker's stock worth $311,000 after acquiring an additional 269 shares during the period. Ethic Inc. lifted its holdings in shares of BOX by 3.9% during the 3rd quarter. Ethic Inc. now owns 13,161 shares of the software maker's stock valued at $441,000 after buying an additional 488 shares during the period. Parallel Advisors LLC lifted its holdings in shares of BOX by 41.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,863 shares of the software maker's stock valued at $96,000 after buying an additional 839 shares during the period. CenterBook Partners LP bought a new position in shares of BOX during the 3rd quarter valued at $200,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of BOX by 9.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,329 shares of the software maker's stock worth $346,000 after buying an additional 867 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

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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