BOX (NYSE:BOX) Hits New 12-Month High – Still a Buy?

Box, Inc. (NYSE:BOX) hit a new 52-week high during trading on Monday. The stock traded as high as $43.22 and last traded at $43.1010, with a volume of 2,669,647 shares trading hands. The stock had previously closed at $43.18.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BOX. Bank of America reissued a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Finally, DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Performance

The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 62.48, a P/E/G ratio of 11.36 and a beta of 0.72. The stock’s fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $29.92.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. 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 analysts anticipate that Box, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other BOX news, CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $36.56, for a total value of $621,520.00. Following the sale, the chief financial officer owned 1,293,100 shares of the company’s stock, valued at $47,275,736. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana L. Evan sold 6,158 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $215,530.00. Following the transaction, the director directly owned 115,739 shares in the company, valued at $4,050,865. This trade represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 75,428 shares of company stock valued at $2,667,239 in the last three months. Company insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brucke Financial Inc. bought a new stake in BOX during the 3rd quarter worth approximately $226,000. Signaturefd LLC grew its holdings in BOX by 5.8% during the third quarter. Signaturefd LLC now owns 4,403 shares of the software maker’s stock valued at $147,000 after purchasing an additional 242 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of BOX by 373.8% during the 3rd quarter. Sterling Capital Management LLC now owns 4,203 shares of the software maker’s stock valued at $141,000 after purchasing an additional 3,316 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of BOX during the 3rd quarter worth approximately $288,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of BOX during the 3rd quarter worth about $9,444,000. Institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.