BOX (NYSE:BOX) Hits New 12-Month High – What’s Next?

Box, Inc. (NYSE:BOX) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $36.34 and last traded at $36.3220, with a volume of 1786487 shares. The stock had previously closed at $35.70.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BOX. Bank of America restated a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Morgan Stanley increased their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.80.

BOX Price Performance

The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 11.49 and a beta of 0.72. The business has a fifty day moving average of $33.58 and a 200 day moving average of $28.60.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same quarter last year, the firm earned $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. On average, equities research analysts expect that Box, Inc. will post 0.32 EPS for the current year.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 3,850 shares of BOX stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the transaction, the vice president owned 105,404 shares in the company, valued at approximately $3,793,489.96. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the sale, the chief executive officer directly owned 2,859,673 shares of the company’s stock, valued at approximately $97,915,203.52. This trade represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,969 shares of company stock worth $2,495,265 in the last three months. 3.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of BOX during the 2nd quarter valued at approximately $56,000. Versant Capital Management Inc raised its position in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after purchasing an additional 314 shares during the period. Globeflex Capital L P acquired a new stake in BOX in the second quarter worth $102,000. KBC Group NV lifted its stake in BOX by 43.9% in the first quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock valued at $115,000 after buying an additional 1,485 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of BOX during the second quarter valued at $146,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.