BOX (NYSE:BOX) Reaches New 1-Year High – What’s Next?

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

Wall Street Analysts Forecast Growth

BOX has been the topic of several analyst reports. UBS Group raised their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Weiss Ratings upgraded BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Finally, Bank of America restated a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.80.

BOX Trading Down 0.9%

The company has a market capitalization of $5.99 billion, a PE ratio of 63.25, a PEG ratio of 11.58 and a beta of 0.65. The business has a fifty day moving average of $37.09 and a 200 day moving average of $29.09.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share 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 firm had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same period in the prior year, the firm earned $0.33 EPS. The firm’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. Equities analysts forecast that Box, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the sale, the chief executive officer owned 2,859,673 shares of the company’s stock, valued at $97,915,203.52. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana Evan sold 6,158 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $215,530.00. Following the completion of the sale, the director owned 115,739 shares in the company, valued at $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,594 shares of company stock valued at $2,478,743. 3.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOX

Several large investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System increased its stake in BOX by 53.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 30,772 shares of the software maker’s stock valued at $1,030,000 after buying an additional 10,657 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of BOX during the 3rd quarter valued at approximately $386,000. Lido Advisors LLC raised its holdings in BOX by 21.8% during the third quarter. Lido Advisors LLC now owns 16,590 shares of the software maker’s stock worth $555,000 after purchasing an additional 2,966 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of BOX in the 3rd quarter worth about $216,000. Finally, Hohimer Wealth Management LLC lifted its holdings in shares of BOX by 3.0% in the third quarter. Hohimer Wealth Management LLC now owns 9,297 shares of the software maker’s stock valued at $311,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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.