Box, Inc. (NYSE:BOX) Receives $35.33 Average PT from Analysts

Box, Inc. (NYSE:BOX) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $35.3333.

Several brokerages have weighed in on BOX. William Blair reissued a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Citigroup raised their price objective on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group raised their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, May 27th.

BOX Stock Performance

Shares of NYSE BOX opened at $26.45 on Monday. The company has a market cap of $3.66 billion, a PE ratio of 40.69, a P/E/G ratio of 1.49 and a beta of 0.74. The business has a 50-day simple moving average of $25.27 and a two-hundred day simple moving average of $25.67. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $34.39.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, sell-side analysts predict that BOX will post 0.31 earnings per share for the current fiscal year.

BOX declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 12,470 shares of BOX stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the transaction, the chief operating officer directly owned 558,739 shares in the company, valued at approximately $14,063,460.63. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 24,500 shares of BOX stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $23.85, for a total value of $584,325.00. Following the transaction, the vice president owned 95,516 shares of the company’s stock, valued at approximately $2,278,056.60. This represents a 20.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 148,002 shares of company stock valued at $3,641,684. 3.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOX. Woodline Partners LP raised its position in BOX by 16.4% during the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after acquiring an additional 2,506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in BOX by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock valued at $14,746,000 after acquiring an additional 32,726 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in BOX during the first quarter valued at approximately $31,000. Sivia Capital Partners LLC purchased a new position in BOX during the second quarter valued at approximately $484,000. Finally, Invesco Ltd. raised its position in BOX by 101.1% during the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock valued at $39,009,000 after acquiring an additional 573,817 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.