Box, Inc. (NYSE:BOX) Receives Average Rating of “Hold” from Brokerages

Box, Inc. (NYSE:BOX) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.3333.

BOX has been the topic of a number of recent research reports. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th.

BOX Stock Down 3.6%

Shares of BOX stock opened at $26.66 on Thursday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $38.80. The firm’s 50 day moving average price is $24.48 and its two-hundred day moving average price is $26.24.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, equities analysts forecast that BOX will post 0.34 EPS for the current fiscal year.

BOX announced that its board has authorized a share buyback plan on Thursday, March 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to repurchase up to 14.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at BOX

In related news, Director Dana L. Evan sold 17,034 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $24.24, for a total transaction of $412,904.16. Following the completion of the sale, the director directly owned 113,525 shares of the company’s stock, valued at approximately $2,751,846. This trade represents a 13.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total transaction of $370,800.00. Following the sale, the chief executive officer directly owned 2,907,030 shares of the company’s stock, valued at approximately $71,861,781.60. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 143,386 shares of company stock worth $3,505,620. 3.99% of the stock is currently owned by insiders.

Institutional Trading of BOX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Corp increased its stake in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the fourth quarter worth $26,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX in the first quarter worth $31,000. Employees Retirement System of Texas bought a new stake in shares of BOX in the third quarter worth $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of 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 worth $39,000 after buying an additional 1,138 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

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.