BOX (NYSE:BOX) Upgraded to Strong-Buy at Zacks Research

BOX (NYSE:BOX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

BOX has been the subject of a number of other reports. Citigroup increased their price objective on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Morgan Stanley reissued a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, UBS Group increased their price target on BOX from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

BOX Trading Down 0.7%

NYSE BOX opened at $32.59 on Thursday. The stock has a 50-day simple moving average of $32.54 and a 200 day simple moving average of $32.49. The company has a market capitalization of $4.69 billion, a PE ratio of 26.28 and a beta of 0.96. BOX has a 12 month low of $28.00 and a 12 month high of $38.80.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The firm had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $290.19 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, sell-side analysts predict that BOX will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In related news, Director Bethany Mayer sold 5,123 shares of BOX stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the sale, the director directly owned 15,284 shares of the company’s stock, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dana L. Evan sold 7,590 shares of BOX stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director directly owned 115,725 shares of the company’s stock, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,081 shares of company stock worth $1,762,323 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares in the last quarter. TCTC Holdings LLC raised its holdings in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after acquiring an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in BOX in the 1st quarter valued at $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in BOX in the 1st quarter valued at $31,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.