Brokerages Set Box, Inc. (NYSE:BOX) Target Price at $35.33

Shares of Box, Inc. (NYSE:BOX) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.3333.

BOX has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings cut shares of BOX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group lifted their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Citigroup lifted their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th.

Insider Activity

In other news, CFO Dylan C. Smith sold 23,720 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $24.96, for a total transaction of $592,051.20. Following the transaction, the chief financial officer directly owned 1,381,049 shares of the company’s stock, valued at approximately $34,470,983.04. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer directly owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 148,002 shares of company stock valued at $3,641,684 over the last quarter. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOX. Woodline Partners LP lifted its position in shares of BOX by 16.4% during the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after purchasing an additional 2,506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BOX by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock worth $14,746,000 after purchasing an additional 32,726 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of BOX during the first quarter worth $31,000. Sivia Capital Partners LLC acquired a new position in shares of BOX during the second quarter worth $484,000. Finally, Invesco Ltd. lifted its position in shares of BOX by 101.1% during the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after purchasing an additional 573,817 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Performance

BOX opened at $26.45 on Monday. The company’s 50 day simple moving average is $25.27 and its 200 day simple moving average is $25.71. BOX has a 1 year low of $21.34 and a 1 year high of $34.39. The stock has a market capitalization of $3.66 billion, a PE ratio of 40.69, a P/E/G ratio of 1.41 and a beta of 0.74.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. During the same period last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, sell-side analysts expect that BOX will post 0.31 earnings per share for the current fiscal year.

BOX declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 14.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.