Box, Inc. (NYSE:BOX) Given Average Recommendation of “Hold” by Analysts

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

BOX has been the topic of several recent analyst reports. Morgan Stanley cut their price target on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. William Blair reiterated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th.

Insiders Place Their Bets

In related news, COO Olivia Nottebohm sold 12,470 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.17, for a total value of $313,869.90. Following the transaction, the chief operating officer owned 558,739 shares in the company, valued at approximately $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 23,720 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $24.96, for a total value of $592,051.20. Following the completion of the transaction, the chief financial officer owned 1,381,049 shares in the company, valued at approximately $34,470,983.04. This trade represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 130,302 shares of company stock worth $3,208,520. 3.99% of the stock is owned by insiders.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently bought and sold shares of BOX. Northwestern Mutual Wealth Management Co. raised its stake in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after buying an additional 3,053,829 shares in the last quarter. Norges Bank acquired a new stake in BOX during the fourth quarter valued at approximately $58,814,000. Qube Research & Technologies Ltd raised its stake in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after buying an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BOX during the second quarter valued at approximately $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after buying an additional 604,946 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Price Performance

Shares of BOX opened at $24.82 on Monday. The stock’s 50-day moving average is $24.99 and its two-hundred day moving average is $25.89. The stock has a market cap of $3.44 billion, a PE ratio of 38.19, a P/E/G ratio of 1.40 and a beta of 0.74. BOX has a 12 month low of $21.34 and a 12 month high of $35.44.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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, research analysts anticipate that BOX will post 0.31 earnings per share for the current year.

BOX declared that its board has approved a stock buyback program on Thursday, March 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.