BOX (NYSE:BOX) Given New $26.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank Of Canada increased the price target for BOX from $24.00 to $26.00, but maintained an "underperform" rating on the stock, indicating a potential downside of 16.88% from the current price.
• Other analysts have mixed opinions, with firms like Morgan Stanley and Raymond James maintaining positive ratings, predicting a range of price targets from $39 to $45.
• BOX reported earnings of $0.33 per share for the latest quarter, surpassing analysts' expectations, while its revenue showed a year-over-year increase of 8.9% to $294 million.

BOX (NYSE:BOX - Get Free Report) had its price target hoisted by analysts at Royal Bank Of Canada from $24.00 to $26.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has an "underperform" rating on the software maker's stock. Royal Bank Of Canada's target price indicates a potential downside of 20.22% from the stock's previous close.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday, May 28th. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and increased their price objective for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

BOX Price Performance

Shares of BOX traded down $0.24 during mid-day trading on Wednesday, hitting $32.59. 2,571,684 shares of the company's stock were exchanged, compared to its average volume of 2,163,685. The company has a market cap of $4.69 billion, a PE ratio of 26.28 and a beta of 0.95. BOX has a 52 week low of $28.00 and a 52 week high of $38.80. The company has a 50-day simple moving average of $32.54 and a 200 day simple moving average of $32.46.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $294.00 million during the quarter, compared to analysts' expectations of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, analysts anticipate that BOX will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In other BOX news, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the completion of the sale, the director owned 115,725 shares of the company's stock, valued at $3,877,944.75. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the sale, the director directly owned 15,284 shares of the company's stock, valued at $520,573.04. This represents a 25.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,081 shares of company stock worth $1,762,323. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOX

Several hedge funds have recently added to or reduced their stakes in BOX. Acadian Asset Management LLC lifted its holdings in BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock valued at $141,345,000 after purchasing an additional 1,104,314 shares during the last quarter. Norges Bank acquired a new stake in shares of BOX during the second quarter worth $33,042,000. Qube Research & Technologies Ltd lifted its holdings in shares of BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock worth $41,354,000 after buying an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of BOX during the second quarter worth $22,626,000. Finally, Sunriver Management LLC lifted its holdings in shares of BOX by 62.9% during the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after buying an additional 597,410 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.