Box, Inc. (NYSE:BOX) Receives Average Rating of “Hold” from Analysts

Box, Inc. (NYSE:BOX) has been given an average recommendation of “Hold” by the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.3333.

Several equities research analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Citigroup raised their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, UBS Group upped their target price on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th.

BOX Stock Up 3.3%

Shares of BOX stock opened at $31.48 on Friday. The stock has a 50-day moving average price of $26.48 and a 200 day moving average price of $25.53. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 1.72 and a beta of 0.74. BOX has a 12 month low of $21.34 and a 12 month high of $33.88.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Sell-side analysts predict that BOX will post 0.31 earnings per share for the current fiscal year.

BOX declared that its board has initiated a stock buyback program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 6,528 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total value of $170,837.76. Following the transaction, the chief operating officer owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total value of $52,110.00. Following the transaction, the vice president owned 109,254 shares in the company, valued at approximately $3,162,903.30. This trade represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 108,460 shares of company stock valued at $2,806,201 in the last three months. 3.99% of the stock is currently owned by company insiders.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of BOX by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after acquiring an additional 407,733 shares during the period. RGM Capital LLC boosted its stake in BOX by 8.2% during the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after acquiring an additional 251,520 shares during the last quarter. Sei Investments Co. grew its holdings in BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after purchasing an additional 94,289 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after purchasing an additional 3,053,829 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in BOX by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after purchasing an additional 13,983 shares during the period. 86.74% of the stock is owned by institutional investors.

BOX Company Profile

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.