Wall Street Zen Downgrades BOX (NYSE:BOX) to Hold

BOX (NYSE:BOX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Citigroup lifted their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. UBS Group raised their target price on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. DA Davidson boosted their price target on shares of BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Morgan Stanley upped their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Finally, Bank of America reiterated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.80.

BOX Price Performance

BOX stock opened at $35.37 on Friday. BOX has a 1 year low of $21.34 and a 1 year high of $36.34. The firm’s 50 day moving average price is $33.43 and its 200-day moving average price is $28.44. The stock has a market cap of $4.85 billion, a P/E ratio of 51.27, a PEG ratio of 11.24 and a beta of 0.72.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. BOX’s revenue for the quarter 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. As a group, equities analysts expect that BOX will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dana L. Evan sold 6,158 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $215,530.00. Following the transaction, the director owned 115,739 shares of the company’s stock, valued at approximately $4,050,865. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,850 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $35.99, for a total value of $138,561.50. Following 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 72,476 shares of company stock worth $2,364,766. 3.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of BOX in the second quarter valued at $56,000. Versant Capital Management Inc boosted its stake in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after purchasing an additional 314 shares during the period. Globeflex Capital L P bought a new position in BOX during the 2nd quarter valued at about $102,000. KBC Group NV raised its position in BOX by 43.9% in the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after purchasing an additional 1,485 shares during the period. Finally, Nykredit A S purchased a new stake in BOX in the 2nd quarter worth about $146,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

About BOX

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.