BOX (NYSE:BOX) Updates Q4 Earnings Guidance

BOX (NYSE:BOX) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$0.41 for the period, compared to the consensus estimate of $0.41. The company issued revenue guidance of ~$279 million, compared to the consensus revenue estimate of $279.37 million. BOX also updated its FY 2025 guidance to 1.700-1.700 EPS.

Analysts Set New Price Targets

A number of research analysts have issued reports on BOX shares. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Citigroup boosted their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. Finally, Morgan Stanley upped their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

BOX Price Performance

BOX traded down $0.69 during midday trading on Tuesday, hitting $34.42. 2,621,104 shares of the company’s stock traded hands, compared to its average volume of 1,992,497. The company has a market cap of $4.93 billion, a PE ratio of 43.56 and a beta of 0.86. BOX has a one year low of $23.29 and a one year high of $35.74. The stock’s fifty day simple moving average is $33.04 and its 200-day simple moving average is $29.79.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,500 shares of company stock worth $1,711,135. Company insiders own 4.10% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.