BOX (NYSE:BOX) Releases Quarterly Earnings Results, Hits Estimates

BOX (NYSE:BOX) posted its quarterly earnings results on Tuesday. The software maker reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40, FiscalAI reports. The firm had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX updated its Q3 2027 guidance to 0.390-0.390 EPS and its FY 2027 guidance to 1.540-1.540 EPS.

BOX Stock Down 1.5%

BOX traded down $0.51 on Tuesday, reaching $32.96. The company had a trading volume of 4,225,083 shares, compared to its average volume of 2,587,051. BOX has a 1 year low of $21.34 and a 1 year high of $33.88. The stock has a market capitalization of $4.56 billion, a PE ratio of 50.71, a P/E/G ratio of 11.61 and a beta of 0.73. The stock has a 50-day moving average price of $29.69 and a 200-day moving average price of $26.31.

Insider Transactions at BOX

In other BOX news, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total transaction of $170,837.76. Following the transaction, the chief operating officer owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the sale, the chief financial officer directly owned 1,364,049 shares of the company’s stock, valued at $35,465,274. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 77,996 shares of company stock worth $2,116,005. 3.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently modified their holdings of BOX. Geneos Wealth Management Inc. purchased a new stake in BOX in the 1st quarter valued at $31,000. Employees Retirement System of Texas purchased a new position in BOX during the 3rd quarter worth $35,000. CIBC Private Wealth Group LLC increased its stake in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares during the period. Toronto Dominion Bank acquired a new position in BOX in the fourth quarter valued at $60,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of BOX by 1,995.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,263 shares of the software maker’s stock valued at $77,000 after buying an additional 2,155 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOX has been the topic of several analyst reports. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group raised their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.33.

About BOX

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.