Wall Street Zen Downgrades BOX (NYSE:BOX) to Hold

BOX (NYSE:BOX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on BOX. Bank of America reaffirmed a “buy” rating on shares of BOX in a research note on Wednesday. Royal Bank Of Canada reissued an “underperform” rating and issued a $26.00 target price on shares of BOX in a research note on Wednesday, August 26th. Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Citigroup lifted their price target on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.80.

BOX Stock Performance

Shares of BOX opened at $34.99 on Friday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 50.71, a PEG ratio of 11.65 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. The firm has a 50 day moving average price of $30.41 and a 200-day moving average price of $26.58.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. 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, equities research analysts predict that BOX will post 0.32 earnings per share for the current year.

Insider Activity

In other news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total transaction of $442,000.00. Following the completion of the sale, the chief financial officer directly owned 1,364,049 shares in the company, valued at approximately $35,465,274. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total value of $170,837.76. Following the completion of the sale, the chief operating officer directly owned 552,211 shares in the company, valued at $14,451,361.87. The trade was a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,696 shares of company stock worth $1,956,237 over the last ninety days. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in shares of BOX by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after buying an additional 407,733 shares during the last quarter. California State Teachers Retirement System lifted its stake in BOX by 2,484.3% in the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock worth $119,113,000 after acquiring an additional 4,314,381 shares during the period. RGM Capital LLC lifted its stake in BOX by 8.2% in the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after acquiring an additional 251,520 shares during the period. Sei Investments Co. increased its position in BOX by 2.9% during the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after purchasing an additional 94,289 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

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.