BOX (NYSE:BOX) Sets New 52-Week High – Time to Buy?

Box, Inc. (NYSE:BOX)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $43.92 and last traded at $43.9630, with a volume of 113,974 shares traded. The stock had previously closed at $43.01.

Analysts Set New Price Targets

BOX has been the subject of several research reports. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson raised their price objective on shares of BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Citigroup boosted their target price on shares of BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Finally, Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BOX presently has a consensus rating of “Hold” and an average price target of $37.80.

BOX Stock Performance

The stock has a 50-day moving average price of $36.67 and a two-hundred day moving average price of $28.91. The stock has a market capitalization of $6.09 billion, a PE ratio of 64.33, a PEG ratio of 11.37 and a beta of 0.65.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. 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 predict that Box, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at BOX

In other news, Director Dana L. Evan sold 6,158 shares of the company’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 sale, the director directly owned 115,739 shares of the company’s stock, valued at $4,050,865. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $138,561.50. Following the transaction, the vice president owned 105,404 shares of the company’s stock, valued at $3,793,489.96. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 75,428 shares of company stock valued at $2,667,239 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On BOX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in BOX by 408.2% in the 3rd quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock valued at $25,000 after buying an additional 600 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of BOX in the 2nd quarter valued at $56,000. Farther Finance Advisors LLC grew its stake in BOX by 34.8% in the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of BOX by 41.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,863 shares of the software maker’s stock worth $96,000 after acquiring an additional 839 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of BOX by 12.1% during the third 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 in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.