Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities. As of January 31, 2022, the company had approximately 100,000 paying organizations, and its solution was offered in 25 languages. It serves financial services, health care, government, and legal services industries in the United States and internationally. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in San Francisco Bay Area, California.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on BOX shares. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 18th. Craig Hallum dropped their price target on shares of BOX to $41.00 in a research report on Thursday, May 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.56.
BOX Stock Down 0.1 %
NYSE:BOX traded down $0.03 during trading hours on Thursday, reaching $30.45. 1,101,941 shares of the company's stock were exchanged, compared to its average volume of 1,696,150. The company has a market capitalization of $4.39 billion, a P/E ratio of -95.16 and a beta of 1.14. BOX has a 12 month low of $22.18 and a 12 month high of $33.04. The business's 50-day simple moving average is $26.77 and its two-hundred day simple moving average is $27.40.
BOX (NYSE:BOX - Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The software maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $238.40 million during the quarter, compared to analyst estimates of $234.48 million. The firm's quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. As a group, sell-side analysts anticipate that BOX will post -0.13 earnings per share for the current fiscal year.
Insider Transactions at BOX
In related news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $30.49, for a total value of $396,370.00. Following the completion of the transaction, the chief financial officer now owns 1,382,137 shares of the company's stock, valued at approximately $42,141,357.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Dylan C. Smith sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $25.65, for a total transaction of $384,750.00. Following the completion of the sale, the chief financial officer now directly owns 1,447,315 shares in the company, valued at $37,123,629.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $30.49, for a total transaction of $396,370.00. Following the completion of the transaction, the chief financial officer now owns 1,382,137 shares in the company, valued at approximately $42,141,357.13. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock valued at $1,124,970 over the last ninety days. Corporate insiders own 5.20% of the company's stock.