BOX (NYSE:BOX) Reaches New 52-Week High – Here’s Why

Box, Inc. (NYSE:BOX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.34 and last traded at $35.79, with a volume of 4516991 shares traded. The stock had previously closed at $34.98.

Analysts Set New Price Targets

BOX has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. UBS Group increased their target price on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. DA Davidson raised their price target on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Bank of America restated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Wall Street Zen downgraded BOX from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.80.

BOX Stock Down 1.4%

The company has a fifty day moving average of $31.03 and a two-hundred day moving average of $26.82. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 50.27, a P/E/G ratio of 11.71 and a beta of 0.73.

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

Insider Activity

In other news, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total transaction of $442,000.00. Following the transaction, the chief financial officer directly owned 1,364,049 shares in the company, valued at $35,465,274. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. This represents a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 75,546 shares of company stock valued at $2,094,798. 3.99% of the stock is owned by insiders.

Hedge Funds Weigh In On BOX

A number of large investors have recently modified their holdings of BOX. Geneos Wealth Management Inc. purchased a new stake in shares of BOX in the first quarter valued at approximately $31,000. Employees Retirement System of Texas acquired a new position in BOX during the third quarter worth $35,000. CIBC Private Wealth Group LLC raised its position in 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 acquiring an additional 1,138 shares in the last quarter. Hantz Financial Services Inc. raised its position in BOX by 337.7% in the fourth 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 BOX in the fourth quarter worth $60,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

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.