BOX (NYSE:BOX) Earns Buy Rating from DA Davidson

BOX (NYSE:BOX)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $45.00 price objective on the software maker’s stock. DA Davidson’s price objective would suggest a potential upside of 39.37% from the stock’s current price.

BOX has been the subject of several other reports. Weiss Ratings lowered shares of BOX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Citigroup increased their price objective on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. Royal Bank Of Canada upped their target price on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday, August 27th. Finally, Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.25.

BOX Trading Up 7.0%

Shares of BOX stock traded up $2.12 during trading on Wednesday, hitting $32.29. 4,919,800 shares of the stock traded hands, compared to its average volume of 1,929,659. The stock’s fifty day simple moving average is $31.78 and its 200 day simple moving average is $32.75. The firm has a market cap of $4.68 billion, a P/E ratio of 25.81 and a beta of 0.79. BOX has a 52-week low of $28.00 and a 52-week high of $38.80.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, December 2nd. The software maker reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $301.11 million during the quarter, compared to analyst estimates of $298.93 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.280- EPS and its Q4 2026 guidance at 0.330- EPS. As a group, equities analysts expect that BOX will post 0.27 EPS for the current year.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 51,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the completion of the transaction, the chief financial officer directly owned 1,480,732 shares of the company’s stock, valued at approximately $48,612,431.56. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack R. Lazar sold 5,000 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $32.20, for a total transaction of $161,000.00. Following the completion of the sale, the director directly owned 27,855 shares in the company, valued at $896,931. This trade represents a 15.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 122,336 shares of company stock worth $3,986,999 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.

Institutional Trading of BOX

A number of hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new position in shares of BOX during the 3rd quarter valued at approximately $32,000. Employees Retirement System of Texas acquired a new position in shares of BOX in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.