Box, Inc. (NYSE:BOX) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Box, Inc. (NYSE:BOX) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.80.

Several research analysts have recently commented on the company. Bank of America reissued a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. UBS Group lifted their price objective on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. DA Davidson boosted their price objective on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd.

Insider Buying and Selling at BOX

In other BOX news, COO Olivia Nottebohm sold 5,834 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $32.31, for a total value of $188,496.54. Following the completion of the sale, the chief operating officer owned 513,382 shares in the company, valued at approximately $16,587,372.42. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dana L. Evan sold 6,158 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $215,530.00. Following the completion of the transaction, the director directly owned 115,739 shares of the company’s stock, valued at approximately $4,050,865. This represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,476 shares of company stock worth $2,364,766 over the last quarter. Corporate insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after purchasing an additional 314 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in BOX during the 2nd quarter worth $56,000. Nykredit A S acquired a new position in BOX during the 2nd quarter worth $146,000. Corient Private Wealth LP boosted its position in BOX by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock valued at $580,000 after buying an additional 5,651 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of BOX in the 2nd quarter valued at $239,000. 86.74% of the stock is owned by institutional investors.

BOX Stock Down 0.1%

Shares of BOX stock opened at $34.46 on Wednesday. BOX has a 12-month low of $21.34 and a 12-month high of $36.34. The stock has a market capitalization of $4.73 billion, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 11.24 and a beta of 0.72. The company has a 50-day simple moving average of $33.33 and a 200 day simple moving average of $28.36.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities analysts anticipate that BOX will post 0.32 earnings per share for the current year.

About BOX

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.