BOX (NYSE:BOX) Price Target Raised to $50.00

BOX (NYSE:BOX) had its target price lifted by DA Davidson from $45.00 to $50.00 in a research report released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the software maker’s stock.

A number of other brokerages have also issued reports on BOX. UBS Group raised their price target on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Citigroup boosted their price target on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Performance

NYSE:BOX opened at $34.99 on Wednesday. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $36.16. The firm has a market cap of $4.84 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 13.36 and a beta of 0.73. The business has a 50 day moving average price of $30.41 and a 200-day moving average price of $26.56.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Research analysts predict that BOX will post 0.28 EPS for the current year.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 1,800 shares of BOX stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total value of $52,110.00. Following the sale, the vice president owned 109,254 shares in the company, valued at $3,162,903.30. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the transaction, the chief operating officer directly owned 513,382 shares in the company, valued at approximately $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 71,696 shares of company stock worth $1,956,237. Insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in BOX during the 1st quarter valued at approximately $31,000. Employees Retirement System of Texas purchased a new position in shares of BOX during the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC raised its position in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of BOX by 337.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock worth $60,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of BOX in the 4th quarter valued at approximately $60,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.