BOX (NYSE:BOX) Raised to “Buy” at Wall Street Zen

BOX (NYSE:BOX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on BOX. Royal Bank Of Canada reissued an “underperform” rating and issued a $26.00 price target on shares of BOX in a research note on Wednesday, August 26th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. DA Davidson increased their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Citigroup raised their target price on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Finally, Bank of America restated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BOX has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Performance

NYSE BOX opened at $31.39 on Friday. The business has a fifty day moving average price of $32.93 and a 200 day moving average price of $28.06. BOX has a one year low of $21.34 and a one year high of $36.34. The company has a market cap of $4.31 billion, a P/E ratio of 45.49, a P/E/G ratio of 10.23 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 for the quarter, meeting analysts’ consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The company had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same quarter last year, the firm posted $0.33 EPS. 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. As a group, sell-side analysts predict that BOX will post 0.32 EPS for the current fiscal year.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total transaction of $513,600.00. Following the completion of the sale, the chief executive officer owned 2,859,673 shares in the company, valued at $97,915,203.52. This trade represents a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 5,834 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $32.31, for a total transaction of $188,496.54. Following the sale, the chief operating officer owned 513,382 shares of the company’s stock, valued at $16,587,372.42. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 72,476 shares of company stock valued at $2,364,766 over the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in BOX by 337.7% during 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of BOX in the 2nd quarter valued at $56,000. Global Retirement Partners LLC grew its holdings in shares of BOX by 624.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,202 shares of the software maker’s stock worth $66,000 after purchasing an additional 1,898 shares during the period. Globeflex Capital L P purchased a new position in shares of BOX during the 2nd quarter worth $102,000. Finally, KBC Group NV increased its position in shares of BOX by 43.9% during the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after purchasing an additional 1,485 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Company Profile

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.