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

Shares of Box, Inc. (NYSE:BOX) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat.com reports. One investment 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.80.

Several analysts have issued reports on BOX shares. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Wall Street Zen lowered BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Citigroup raised their price target on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, UBS Group lifted their price objective on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th.

BOX Trading Up 0.8%

Shares of BOX opened at $43.12 on Friday. The stock’s fifty day simple moving average is $35.29 and its 200 day simple moving average is $29.88. The firm has a market capitalization of $5.92 billion, a P/E ratio of 62.50, a price-to-earnings-growth ratio of 11.36 and a beta of 0.72. BOX has a twelve month low of $21.34 and a twelve month high of $43.22.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The business had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Sell-side analysts predict that BOX will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the transaction, the chief executive officer directly owned 2,859,673 shares of the company’s stock, valued at $97,915,203.52. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 3,850 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the sale, the vice president owned 105,404 shares in the company, valued at $3,793,489.96. The trade was a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 75,428 shares of company stock worth $2,667,239. 3.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC boosted its position in BOX by 408.2% during the third quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock valued at $25,000 after purchasing an additional 600 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in BOX in the second quarter worth approximately $56,000. Farther Finance Advisors LLC increased its holdings in BOX by 34.8% in the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after buying an additional 567 shares during the last quarter. Versant Capital Management Inc raised its position in BOX by 12.1% during the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after acquiring an additional 314 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in BOX during the second quarter valued at approximately $102,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.