BOX (NYSE:BOX) Hits New 52-Week High on Analyst Upgrade

Box, Inc. (NYSE:BOX) shares reached a new 52-week high on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $50.00. DA Davidson currently has a buy rating on the stock. BOX traded as high as $34.50 and last traded at $33.3510, with a volume of 695661 shares traded. The stock had previously closed at $33.00.

Several other brokerages have also issued reports on BOX. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley set a $36.00 price objective on BOX in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of BOX in a report 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. Finally, UBS Group increased their price target on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.00.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the transaction, the chief executive officer owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $29.05, for a total transaction of $493,850.00. Following the completion of the transaction, the chief financial officer owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This trade represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 77,996 shares of company stock valued at $2,116,005. Corporate insiders own 3.99% of the company’s stock.

Key Stories Impacting BOX

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Box raised its fiscal third-quarter outlook to approximately $0.39 in EPS and $329 million in revenue, above consensus estimates of $0.33 and $324.5 million, respectively. Box fiscal third-quarter guidance
• Positive Sentiment: Fiscal 2027 EPS guidance was set at $1.54, well above the analyst consensus of $1.32. Revenue guidance of approximately $1.3 billion was broadly in line with expectations, indicating that earnings growth and efficiency are driving the improved outlook. Box fiscal 2027 guidance
• Positive Sentiment: Box reported fiscal second-quarter revenue of $321.15 million, up 9.2% year over year and slightly ahead of the $319.33 million consensus estimate. Billings increased 17% to $309.5 million, operating cash flow rose 54% to $70.8 million, and the company repurchased approximately $66 million of stock. Box second-quarter fiscal 2027 results
• Neutral Sentiment: Quarterly adjusted EPS was $0.40, matching expectations and improving from $0.33 a year earlier. The earnings beat was therefore driven more by revenue growth, billings, cash generation and raised guidance than by a quarterly EPS surprise. Box matches second-quarter earnings estimates
• Negative Sentiment: Royal Bank of Canada reaffirmed its “Underperform” rating and maintained a $26 price target, implying roughly 21% downside from the reference price. That target may weigh on sentiment, particularly as BOX trades at elevated valuation multiples, including a price-to-earnings ratio above 50. Royal Bank of Canada rating on Box

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its holdings in BOX by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after purchasing an additional 407,733 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of 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 valued at $119,113,000 after purchasing an additional 4,314,381 shares in the last quarter. RGM Capital LLC lifted its holdings in shares of BOX by 8.2% in the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after purchasing an additional 251,520 shares in the last quarter. Sei Investments Co. boosted its position in shares of BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after buying an additional 94,289 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after buying an additional 3,053,829 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Price Performance

The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 11.81 and a beta of 0.73. The firm has a 50-day moving average price of $29.84 and a two-hundred day moving average price of $26.37.

BOX (NYSE:BOX) last announced 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. The business had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities analysts predict that Box, Inc. will post 0.31 EPS for the current year.

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.