What is DA Davidson's Forecast for BOX Q2 Earnings?

Box, Inc. (NYSE:BOX - Free Report) - Equities research analysts at DA Davidson issued their Q2 2026 earnings estimates for shares of BOX in a research note issued on Wednesday, May 28th. DA Davidson analyst L. Schreiner forecasts that the software maker will post earnings of ($0.07) per share for the quarter. DA Davidson has a "Buy" rating and a $45.00 price objective on the stock. The consensus estimate for BOX's current full-year earnings is $0.27 per share.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The firm had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. During the same quarter last year, the company posted $0.39 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. increased their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Royal Bank of Canada upped their price objective on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. Finally, Raymond James reissued an "outperform" rating and issued a $42.00 target price (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, BOX currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

BOX Price Performance

BOX stock traded up $0.27 during midday trading on Thursday, hitting $38.09. 1,649,928 shares of the stock traded hands, compared to its average volume of 1,909,012. The stock's fifty day simple moving average is $31.19 and its 200-day simple moving average is $32.16. The firm has a market cap of $5.48 billion, a P/E ratio of 47.58, a PEG ratio of 4.42 and a beta of 0.94. BOX has a 1-year low of $24.63 and a 1-year high of $38.33.

BOX announced that its board has authorized a share buyback program on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the transaction, the chief executive officer now owns 2,979,780 shares of the company's stock, valued at approximately $95,591,342.40. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $31.95, for a total transaction of $415,350.00. Following the sale, the chief financial officer now directly owns 1,440,684 shares in the company, valued at approximately $46,029,853.80. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,377 shares of company stock worth $2,060,714. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BOX

Several institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in shares of BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after acquiring an additional 1,725,197 shares in the last quarter. Norges Bank purchased a new stake in BOX during the 4th quarter worth about $29,973,000. Jupiter Asset Management Ltd. acquired a new stake in BOX in the 4th quarter valued at about $24,234,000. Fisher Asset Management LLC boosted its stake in shares of BOX by 420.6% in the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock valued at $27,097,000 after buying an additional 692,784 shares during the period. Finally, Sunriver Management LLC grew its position 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.