BOX (NYSE:BOX) Given New $42.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target for BOX stock from $40.00 to $42.00, indicating a potential upside of 32.16% from the previous close.
• BOX's recent quarterly earnings beat expectations, with a reported EPS of $0.33 against a consensus estimate of $0.31, reflecting a revenue increase of 8.9% year-over-year.
• Despite the positive outlook from some analysts, Wall Street Zen downgraded BOX from a "buy" to a "hold" rating, highlighting mixed sentiments among equity research analysts.

BOX (NYSE:BOX - Get Free Report) had its target price lifted by stock analysts at UBS Group from $40.00 to $42.00 in a report released on Wednesday, MarketBeat reports. The firm presently has a "buy" rating on the software maker's stock. UBS Group's target price points to a potential upside of 28.88% from the stock's current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on shares of BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup upped their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada upped their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, BOX has a consensus rating of "Moderate Buy" and an average price target of $39.00.

BOX Price Performance

BOX stock traded down $0.24 during trading hours on Wednesday, hitting $32.59. The company had a trading volume of 2,571,684 shares, compared to its average volume of 2,163,685. The firm has a market capitalization of $4.69 billion, a P/E ratio of 26.28 and a beta of 0.95. The firm's fifty day moving average is $32.54 and its 200-day moving average is $32.46. BOX has a fifty-two week low of $28.00 and a fifty-two week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior 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. Analysts anticipate that BOX will post 0.27 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,952,030 shares in the company, valued at $98,450,200.50. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,081 shares of company stock worth $1,762,323. Corporate insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On BOX

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in shares of BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock worth $141,345,000 after acquiring an additional 1,104,314 shares during the period. Norges Bank bought a new position in shares of BOX during the 2nd quarter worth about $33,042,000. Qube Research & Technologies Ltd lifted its holdings in shares of BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock worth $41,354,000 after acquiring an additional 854,953 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of BOX during the 2nd quarter worth about $22,626,000. Finally, Sunriver Management LLC lifted its holdings in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after acquiring an additional 597,410 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About BOX

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.