DA Davidson Increases BOX (NYSE:BOX) Price Target to $50.00

BOX (NYSE:BOX) had its price target boosted by research analysts at DA Davidson from $45.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. DA Davidson’s price target points to a potential upside of 51.38% from the company’s previous close.

Several other equities analysts have also recently commented on BOX. Citigroup restated a “buy” rating on shares of BOX in a report on Wednesday. Morgan Stanley set a $36.00 price objective on BOX in a research report on Wednesday. UBS Group boosted their target price on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $26.00 target price on shares of BOX in a research report on Wednesday. Finally, Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.00.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.03 during trading on Wednesday, reaching $33.03. The company had a trading volume of 1,711,518 shares, compared to its average volume of 2,591,590. The firm’s fifty day moving average is $29.84 and its 200 day moving average is $26.37. The firm has a market capitalization of $4.57 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 11.81 and a beta of 0.73. BOX has a twelve month low of $21.34 and a twelve month high of $34.50.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Equities analysts predict that BOX will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,364,049 shares of the company’s stock, valued at approximately $35,465,274. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Olivia Nottebohm sold 6,528 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total value of $170,837.76. Following the completion of the sale, the chief operating officer directly owned 552,211 shares in the company, valued at approximately $14,451,361.87. This represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,996 shares of company stock valued at $2,116,005 in the last ninety days. 3.99% of the stock is owned by company insiders.

Institutional Trading of BOX

Several large investors have recently made changes to their positions in BOX. Arrowstreet Capital Limited Partnership grew its holdings in BOX by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after acquiring an additional 407,733 shares during the last quarter. California State Teachers Retirement System boosted its stake in BOX by 2,484.3% in the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after acquiring an additional 4,314,381 shares during the last quarter. RGM Capital LLC grew its stake in shares of BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after purchasing an additional 251,520 shares during the period. Sei Investments Co. grew its position in shares of BOX by 2.9% during the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after buying an additional 94,289 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in BOX by 823,134.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

More BOX News

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Box raised its fiscal third-quarter outlook to approximately $0.39 in EPS and $329 million in revenue, above consensus estimates of $0.33 and $324.5 million, respectively. Box fiscal third-quarter guidance
• Positive Sentiment: Fiscal 2027 EPS guidance was set at $1.54, well above the analyst consensus of $1.32. Revenue guidance of approximately $1.3 billion was broadly in line with expectations, indicating that earnings growth and efficiency are driving the improved outlook. Box fiscal 2027 guidance
• Positive Sentiment: Box reported fiscal second-quarter revenue of $321.15 million, up 9.2% year over year and slightly ahead of the $319.33 million consensus estimate. Billings increased 17% to $309.5 million, operating cash flow rose 54% to $70.8 million, and the company repurchased approximately $66 million of stock. Box second-quarter fiscal 2027 results
• Neutral Sentiment: Quarterly adjusted EPS was $0.40, matching expectations and improving from $0.33 a year earlier. The earnings beat was therefore driven more by revenue growth, billings, cash generation and raised guidance than by a quarterly EPS surprise. Box matches second-quarter earnings estimates
• Negative Sentiment: Royal Bank of Canada reaffirmed its “Underperform” rating and maintained a $26 price target, implying roughly 21% downside from the reference price. That target may weigh on sentiment, particularly as BOX trades at elevated valuation multiples, including a price-to-earnings ratio above 50. Royal Bank of Canada rating on Box

BOX Company Profile

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.