BOX (NYSE:BOX) Reaches New 12-Month High – Here’s Why

Box, Inc. (NYSE:BOX)’s stock price reached a new 52-week high on Wednesday. The company traded as high as $37.59 and last traded at $37.4810, with a volume of 1,848,113 shares. The stock had previously closed at $36.71.

Analyst Ratings Changes

Several equities analysts have issued reports on BOX shares. DA Davidson increased their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. UBS Group upped their price target on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Morgan Stanley boosted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada reiterated an “underperform” rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Finally, Citigroup increased their target price on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BOX presently has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Up 2.1%

The stock’s 50-day moving average price is $33.99 and its 200 day moving average price is $28.95. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 11.96 and a beta of 0.72.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. BOX’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of the 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 completion of the sale, the chief financial officer owned 1,293,100 shares of the company’s stock, valued at approximately $47,275,736. This trade represents a 1.30% 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, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total value of $513,600.00. Following the transaction, the chief executive officer owned 2,859,673 shares in the company, valued at approximately $97,915,203.52. The trade was a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 75,969 shares of company stock valued at $2,622,935. 3.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOX

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of BOX during the 2nd quarter worth about $56,000. Farther Finance Advisors LLC raised its holdings in BOX by 34.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after buying an additional 567 shares during the period. Versant Capital Management Inc lifted its position in BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after buying an additional 314 shares during the last quarter. Globeflex Capital L P acquired a new position in BOX in the second quarter valued at about $102,000. Finally, KBC Group NV boosted its stake in BOX by 43.9% during the first quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after buying an additional 1,485 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.