BOX (NYSE:BOX) Hits New 52-Week High on Analyst Upgrade

Shares of Box, Inc. (NYSE:BOX) hit a new 52-week high during mid-day trading on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $50.00. DA Davidson currently has a buy rating on the stock. BOX traded as high as $34.50 and last traded at $33.3510, with a volume of 695661 shares. The stock had previously closed at $33.00.

A number of other brokerages have also weighed in on BOX. UBS Group raised their price target on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley set a $36.00 price objective on BOX in a research report on Wednesday. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an “underperform” rating and issued a $26.00 target price on shares of BOX in a research note on Wednesday. Finally, Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

Insider Buying and Selling at BOX

In related news, COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the completion of the sale, the chief operating officer directly owned 513,382 shares of the company’s stock, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 1,800 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the transaction, the vice president owned 109,254 shares in the company, valued at $3,162,903.30. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,996 shares of company stock worth $2,116,005 in the last 90 days. Corporate insiders own 3.99% of the company’s stock.

Key BOX News

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Box raised its fiscal third-quarter outlook to approximately $0.39 in EPS and $329 million in revenue, above consensus estimates of $0.33 and $324.5 million, respectively. Box fiscal third-quarter guidance
• Positive Sentiment: Fiscal 2027 EPS guidance was set at $1.54, well above the analyst consensus of $1.32. Revenue guidance of approximately $1.3 billion was broadly in line with expectations, indicating that earnings growth and efficiency are driving the improved outlook. Box fiscal 2027 guidance
• Positive Sentiment: Box reported fiscal second-quarter revenue of $321.15 million, up 9.2% year over year and slightly ahead of the $319.33 million consensus estimate. Billings increased 17% to $309.5 million, operating cash flow rose 54% to $70.8 million, and the company repurchased approximately $66 million of stock. Box second-quarter fiscal 2027 results
• Neutral Sentiment: Quarterly adjusted EPS was $0.40, matching expectations and improving from $0.33 a year earlier. The earnings beat was therefore driven more by revenue growth, billings, cash generation and raised guidance than by a quarterly EPS surprise. Box matches second-quarter earnings estimates
• Negative Sentiment: Royal Bank of Canada reaffirmed its “Underperform” rating and maintained a $26 price target, implying roughly 21% downside from the reference price. That target may weigh on sentiment, particularly as BOX trades at elevated valuation multiples, including a price-to-earnings ratio above 50. Royal Bank of Canada rating on Box

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of BOX during the second quarter worth $239,000. California State Teachers Retirement System lifted its stake in BOX by 2,484.3% in the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after buying an additional 4,314,381 shares during the period. Paralel Advisors LLC lifted its stake in BOX by 12.7% in the second quarter. Paralel Advisors LLC now owns 97,711 shares of the software maker’s stock valued at $2,593,000 after buying an additional 11,024 shares during the period. Odyssean LLC lifted its stake in BOX by 104.1% in the second quarter. Odyssean LLC now owns 117,086 shares of the software maker’s stock valued at $3,107,000 after buying an additional 59,719 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in BOX by 23.0% during the second quarter. Concurrent Investment Advisors LLC now owns 16,954 shares of the software maker’s stock worth $450,000 after buying an additional 3,166 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Up 0.1%

The stock has a market cap of $4.57 billion, a P/E ratio of 50.80, a PEG ratio of 11.81 and a beta of 0.73. The stock has a fifty day simple moving average of $29.84 and a 200-day simple moving average of $26.37.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Sell-side analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current year.

BOX Company Profile

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.