BOX (NYSE:BOX) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of BOX (NYSE:BOX) from a buy rating to a hold rating in a report released on Sunday morning,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada restated an “underperform” rating and set a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. UBS Group lifted their price objective on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” 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 stock a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley raised their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.80.

BOX Stock Down 0.2%

NYSE BOX opened at $35.28 on Friday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 51.14, a P/E/G ratio of 11.52 and a beta of 0.72. BOX has a 52 week low of $21.34 and a 52 week high of $36.34. The business has a 50 day moving average price of $33.51 and a 200-day moving average price of $28.51.

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 negative return on equity of 20.97% and a net margin of 10.59%.The company had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same period in the prior year, the firm 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. On average, equities research analysts anticipate that BOX will post 0.32 earnings per share for the current year.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 3,850 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $35.99, for a total value of $138,561.50. Following the completion of the sale, the vice president owned 105,404 shares in the company, valued at approximately $3,793,489.96. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan 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 transaction of $493,850.00. Following the transaction, the chief financial officer directly owned 1,337,075 shares in the company, valued at approximately $38,842,028.75. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 75,969 shares of company stock valued at $2,495,265 in the last quarter. 3.99% of the stock is owned by company insiders.

Institutional Trading of BOX

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in BOX by 12.1% in the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after purchasing an additional 314 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of BOX during the 2nd quarter worth $56,000. Nykredit A S bought a new stake in shares of BOX during the 2nd quarter worth $146,000. Corient Private Wealth LP boosted its holdings in shares of BOX by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock worth $580,000 after buying an additional 5,651 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of BOX in the 2nd quarter worth about $239,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

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.