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

Box, Inc. (NYSE:BOX)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as $43.22 and last traded at $43.1010, with a volume of 2,669,647 shares. The stock had previously closed at $43.18.

Analysts Set New Price Targets

A number of analysts recently commented on BOX shares. Citigroup increased their price target on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Royal Bank Of Canada reissued an “underperform” rating and set a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. UBS Group increased their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Bank of America reaffirmed a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Three investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.80.

BOX Stock Performance

The stock’s 50-day moving average price is $35.29 and its two-hundred day moving average price is $29.92. The stock has a market capitalization of $5.95 billion, a PE ratio of 62.48, a P/E/G ratio of 11.36 and a beta of 0.72.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period last 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. On average, analysts predict that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In related news, COO Olivia Nottebohm sold 5,293 shares of BOX stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $41.58, for a total transaction of $220,082.94. Following the sale, the chief operating officer owned 481,466 shares of the company’s stock, valued at approximately $20,019,356.28. This trade represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.24, for a total value of $513,600.00. Following the completion of the sale, the chief executive officer directly owned 2,859,673 shares in the company, valued at $97,915,203.52. This trade represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 75,428 shares of company stock valued at $2,667,239 in the last quarter. Insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of BOX by 5.8% during the third quarter. Signaturefd LLC now owns 4,403 shares of the software maker’s stock valued at $147,000 after acquiring an additional 242 shares in the last quarter. Myecfo LLC grew its position in shares of BOX by 1.9% during the third quarter. Myecfo LLC now owns 16,476 shares of the software maker’s stock valued at $552,000 after purchasing an additional 304 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 314 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of BOX by 8.6% in the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock worth $187,000 after buying an additional 560 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BOX by 34.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after buying an additional 567 shares during the period. 86.74% of the stock is currently owned by institutional investors.

About BOX

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.