BOX (NYSE:BOX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of BOX (NYSE:BOX) from a buy rating to a hold rating in a report issued on Saturday.

A number of other brokerages have also weighed in on BOX. DA Davidson raised their price target on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup boosted their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Royal Bank Of Canada reissued an “underperform” rating and set a $26.00 target price on shares of BOX in a report on Wednesday. Finally, UBS Group raised their target price on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.80.

BOX Stock Performance

NYSE:BOX opened at $34.99 on Friday. The company has a fifty day moving average of $30.41 and a two-hundred day moving average of $26.56. The stock has a market capitalization of $4.84 billion, a PE ratio of 50.71, a P/E/G ratio of 13.45 and a beta of 0.73. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $36.16.

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

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total value of $52,110.00. Following the transaction, the vice president directly owned 109,254 shares of the company’s stock, valued at approximately $3,162,903.30. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer owned 2,874,673 shares in the company, valued at $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,696 shares of company stock valued at $1,956,237 over the last ninety days. 3.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after purchasing an additional 405 shares during the period. ProShare Advisors LLC increased its position in shares of BOX by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after purchasing an additional 449 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in BOX by 22.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after buying an additional 490 shares during the period. Maryland State Retirement & Pension System raised its holdings in BOX by 2.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,318 shares of the software maker’s stock valued at $638,000 after buying an additional 500 shares during the period. Finally, Raymond James Financial Inc. lifted its position in BOX by 1.5% in the second quarter. Raymond James Financial Inc. now owns 37,237 shares of the software maker’s stock valued at $1,272,000 after buying an additional 541 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other 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.