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

Shares of Box, Inc. (NYSE:BOX) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.3333.

Several research firms recently weighed in on BOX. Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. DA Davidson reiterated a “buy” rating and set a $45.00 price objective on shares of BOX in a research note on Wednesday, May 27th. UBS Group boosted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th.

Insider Activity

In other BOX news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the company’s 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 completion of the transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 108,460 shares of company stock valued at $2,806,201. Company insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On BOX

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in BOX by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after acquiring an additional 407,733 shares during the last quarter. RGM Capital LLC boosted its stake in BOX by 8.2% during the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after purchasing an additional 251,520 shares during the last quarter. Sei Investments Co. increased its holdings in shares of BOX by 2.9% in the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after purchasing an additional 94,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of BOX by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after purchasing an additional 13,983 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Price Performance

NYSE:BOX opened at $30.00 on Friday. The firm has a market capitalization of $4.15 billion, a P/E ratio of 46.16, a PEG ratio of 1.74 and a beta of 0.74. BOX has a one year low of $21.34 and a one year high of $33.88. The company’s 50-day simple moving average is $26.82 and its 200 day simple moving average is $25.53.

BOX (NYSE:BOX) last announced its 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. 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 during the quarter, compared to the consensus estimate of $304.39 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts expect that BOX will post 0.31 earnings per share for the current fiscal year.

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.