BOX (NYSE:BOX) Hits New 52-Week High - Time to Buy?

Key Points

• BOX shares reached a new 52-week high of $36.34 and were last trading at $35.79, up 2.3% intraday. The stock has a $4.96 billion market capitalization and trades at a P/E ratio of 51.87.
• Recent quarterly results matched expectations with adjusted EPS of $0.40, while revenue of $321.15 million exceeded estimates and increased 9.2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $37.80.
• Insiders sold 71,696 shares worth approximately $1.96 million over the past 90 days, while institutional investors own 86.74% of the company. Research sentiment remains mixed, ranging from “Underperform” to “Buy.”

Box, Inc. (NYSE:BOX - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.34 and last traded at $35.79, with a volume of 4516991 shares trading hands. The stock had previously closed at $34.98.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BOX. Royal Bank Of Canada restated an "underperform" rating and set a $26.00 price target on shares of BOX in a research report on Wednesday, August 26th. DA Davidson boosted their target price on shares of BOX from $45.00 to $50.00 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 Saturday. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 26th. Finally, Bank of America restated a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.80.

BOX Stock Up 2.3%

The firm has a market capitalization of $4.96 billion, a P/E ratio of 51.87, a PEG ratio of 11.65 and a beta of 0.73. The business's 50 day moving average is $30.64 and its two-hundred day moving average is $26.66.

BOX (NYSE:BOX - Get Free Report) last announced its 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. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. BOX's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 1,800 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total value of $52,110.00. Following the completion of the transaction, the vice president directly owned 109,254 shares in the company, valued at $3,162,903.30. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer owned 2,874,673 shares in the company, valued at $69,912,047.36. This represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,696 shares of company stock valued at $1,956,237. 3.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of BOX by 10.2% in the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker's stock valued at $23,898,000 after buying an additional 93,516 shares during the period. Sivia Capital Partners LLC bought a new position in BOX during the second quarter valued at about $484,000. Fort Washington Investment Advisors Inc. OH grew its holdings in BOX by 4.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock worth $24,335,000 after acquiring an additional 43,520 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in BOX during the fourth quarter worth about $2,247,000. Finally, Janus Henderson Group PLC raised its position in BOX by 74.9% in 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 in the last quarter. 86.74% of the stock is owned by institutional investors.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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