Box, Inc. (NYSE:BOX) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Box, Inc. (NYSE:BOX) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.80.

A number of equities research analysts have recently weighed in on BOX shares. Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 price target on shares of BOX in a report on Wednesday, August 26th. DA Davidson raised 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. Citigroup lifted their price objective on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Finally, UBS Group boosted their target price on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th.

Insiders Place Their Bets

In other BOX news, Director Dana L. Evan sold 6,158 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total value of $215,530.00. Following the transaction, the director owned 115,739 shares of the company’s stock, valued at $4,050,865. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $36.56, for a total transaction of $621,520.00. Following the completion of the transaction, the chief financial officer directly owned 1,293,100 shares in the company, valued at $47,275,736. This represents a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 75,428 shares of company stock worth $2,667,239. Corporate insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its position in BOX by 5.8% during the 3rd quarter. Signaturefd LLC now owns 4,403 shares of the software maker’s stock valued at $147,000 after purchasing an additional 242 shares during the period. Myecfo LLC increased its holdings in shares of BOX by 1.9% in the 3rd quarter. Myecfo LLC now owns 16,476 shares of the software maker’s stock worth $552,000 after acquiring an additional 304 shares during the period. D.A. Davidson & CO. lifted its position in BOX by 3.6% in the 3rd quarter. D.A. Davidson & CO. now owns 8,865 shares of the software maker’s stock valued at $297,000 after purchasing an additional 310 shares during the last quarter. Versant Capital Management Inc lifted its position in BOX by 12.1% in the 3rd 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 during the last quarter. Finally, Smith Group Asset Management LLC lifted its position in BOX by 1.4% in the 3rd quarter. Smith Group Asset Management LLC now owns 27,120 shares of the software maker’s stock valued at $908,000 after purchasing an additional 366 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Performance

Shares of BOX stock opened at $43.41 on Friday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 62.91, a PEG ratio of 11.43 and a beta of 0.72. BOX has a one year low of $21.34 and a one year high of $43.86. The company’s 50-day simple moving average is $36.27 and its 200-day simple moving average is $28.76.

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

About BOX

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.