DA Davidson Weighs in on BOX’s FY2027 Earnings (NYSE:BOX)

Box, Inc. (NYSE:BOX) – DA Davidson increased their FY2027 earnings per share (EPS) estimates for BOX in a research report issued to clients and investors on Wednesday, March 19th. DA Davidson analyst L. Schreiner now expects that the software maker will earn ($0.33) per share for the year, up from their previous forecast of ($0.34). DA Davidson has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for BOX’s current full-year earnings is $0.27 per share.

Several other equities analysts have also recently issued reports on BOX. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. UBS Group lifted their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Raymond James reissued an “outperform” rating and set a $38.00 price target (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Citigroup lifted their price objective on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average price target of $37.11.

BOX Price Performance

Shares of BOX stock opened at $30.24 on Friday. BOX has a 1 year low of $24.63 and a 1 year high of $35.74. The company has a 50-day moving average of $32.74 and a 200 day moving average of $32.72. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 4.42 and a beta of 1.00.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in shares of BOX during the third quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its stake in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after buying an additional 1,897 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock valued at $69,000 after acquiring an additional 653 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after acquiring an additional 417 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in BOX during the 4th quarter valued at about $132,000. 86.74% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.08, for a total transaction of $320,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at approximately $95,591,342.40. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the sale, the chief operating officer now owns 453,146 shares in the company, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,363 shares of company stock worth $2,533,374. 4.10% of the stock is currently owned by corporate insiders.

BOX declared that its board has initiated a share buyback plan on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.