BOX (NYSE:BOX) Reaches New 12-Month High – Time to Buy?

Box, Inc. (NYSE:BOX)’s share price hit a new 52-week high on Tuesday. The company traded as high as $40.79 and last traded at $40.4570, with a volume of 4,022,407 shares traded. The stock had previously closed at $39.56.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. DA Davidson upped their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Citigroup raised their target price on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Finally, Bank of America reaffirmed a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.80.

BOX Stock Performance

The firm’s 50 day moving average price is $34.90 and its two-hundred day moving average price is $29.65. The company has a market cap of $5.76 billion, a P/E ratio of 60.86, a price-to-earnings-growth ratio of 10.98 and a beta of 0.72.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The business 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%. BOX’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts forecast that Box, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, Director Dana L. Evan sold 6,158 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the sale, the director directly owned 115,739 shares in the company, valued at $4,050,865. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 5,834 shares of the business’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 directly owned 513,382 shares of the company’s stock, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 70,135 shares of company stock valued at $2,447,157. Corporate insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after acquiring an additional 407,733 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 13,983 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after acquiring an additional 491,505 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of BOX by 4.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after purchasing an additional 43,520 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of BOX by 10.2% during the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock worth $23,898,000 after purchasing an additional 93,516 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

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.