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

Shares of Box, Inc. (NYSE:BOX) have been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. One 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 price target among brokerages that have issued ratings on the stock in the last year is $37.80.

A number of research firms have issued reports on BOX. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. UBS Group boosted their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. 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 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, Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a report on Sunday.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total transaction of $513,600.00. Following the sale, the chief executive officer owned 2,859,673 shares in the company, valued at $97,915,203.52. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 5,293 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $34.50, for a total transaction of $182,608.50. Following the transaction, the chief operating officer directly owned 486,759 shares in the company, valued at approximately $16,793,185.50. The trade was a 1.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 75,969 shares of company stock valued at $2,495,265. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in BOX during the 2nd quarter valued at approximately $56,000. Nykredit A S purchased a new stake in BOX during the 2nd quarter worth approximately $146,000. Corient Private Wealth LP grew its position in shares of BOX by 34.9% during the second quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock worth $580,000 after buying an additional 5,651 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of BOX during the second quarter worth approximately $239,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Price Performance

BOX opened at $35.28 on Wednesday. The business has a 50-day moving average of $33.51 and a two-hundred day moving average of $28.51. BOX has a 12 month low of $21.34 and a 12 month high of $36.34. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 51.14, a price-to-earnings-growth ratio of 11.52 and a beta of 0.72.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the firm earned $0.33 earnings per share. BOX’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. Equities research analysts anticipate that BOX will post 0.32 earnings per share for the current year.

BOX Company Profile

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.