Box, Inc. (NYSE:BOX) Receives Consensus Rating of “Hold” from Analysts

Shares of Box, Inc. (NYSE:BOX) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $35.3333.

A number of research firms have commented on BOX. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group boosted their target price on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Finally, Citigroup lifted their price target on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th.

BOX Stock Down 0.4%

Shares of BOX opened at $28.33 on Friday. The business’s 50 day moving average is $27.00 and its two-hundred day moving average is $25.52. BOX has a 52-week low of $21.34 and a 52-week high of $33.88. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 1.60 and a beta of 0.74.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. 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, equities analysts expect that BOX will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the transaction, the chief financial officer owned 1,337,075 shares in the company, valued at approximately $38,842,028.75. This trade represents a 1.26% 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, CEO Aaron Levie sold 15,000 shares of the business’s 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 completion of the sale, the chief executive officer owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 108,460 shares of company stock worth $2,806,201. 3.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP raised its holdings in shares of BOX by 16.4% during the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after purchasing an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BOX by 7.4% in the 1st 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 buying an additional 32,726 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at about $31,000. Sivia Capital Partners LLC bought a new stake in shares of BOX during the 2nd quarter valued at about $484,000. Finally, Invesco Ltd. grew its position in shares of BOX by 101.1% during the 2nd quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock valued at $39,009,000 after buying an additional 573,817 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.