Analysts Set Box, Inc. (NYSE:BOX) Target Price at $35.33

Box, Inc. (NYSE:BOX) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.3333.

Several research analysts have recently issued reports on BOX shares. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. UBS Group boosted their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Citigroup upped their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was 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 of the company’s stock, valued at $35,465,274. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eli Berkovitch sold 6,300 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $25.36, for a total value of $159,768.00. Following the sale, the vice president directly owned 115,679 shares in the company, valued at $2,933,619.44. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,996 shares of company stock worth $2,116,005 over the last three months. Company insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Institutional investors have recently made changes to their positions in the stock. First Horizon Corp grew its stake in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of BOX during the first quarter valued at approximately $31,000. Employees Retirement System of Texas bought a new position in BOX during the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC lifted its position in BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in BOX in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Price Performance

BOX opened at $32.70 on Tuesday. The firm has a market cap of $4.53 billion, a PE ratio of 50.31, a P/E/G ratio of 11.52 and a beta of 0.73. The stock has a 50-day moving average price of $28.87 and a 200-day moving average price of $26.01. BOX has a 1 year low of $21.34 and a 1 year high of $33.88.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, sell-side analysts anticipate that BOX will post 0.31 EPS for the current year.

About BOX

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.