BOX (NYSE:BOX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BOX (NYSE:BOX) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently weighed in on BOX. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson lifted their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. 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, August 26th. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.80.

BOX Stock Down 0.3%

Shares of NYSE:BOX opened at $31.31 on Friday. BOX has a 12 month low of $21.34 and a 12 month high of $36.34. The company’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $28.10. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 10.23 and a beta of 0.73.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $321.15 million for 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%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous 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. Research analysts expect that BOX will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 3,850 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the completion of the transaction, the vice president directly owned 105,404 shares in the company, valued at $3,793,489.96. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana L. Evan sold 6,158 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 72,476 shares of company stock valued at $2,364,766 in the last ninety days. Insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On BOX

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. Integrated Wealth Concepts LLC acquired a new position in BOX during the second quarter worth $56,000. Nykredit A S acquired a new stake in BOX in the second quarter valued at $146,000. Corient Private Wealth LP grew its position in shares of BOX by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock valued at $580,000 after acquiring an additional 5,651 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of BOX in the 2nd quarter valued at about $239,000. Finally, Paralel Advisors LLC increased its stake in shares of BOX by 12.7% during the 2nd quarter. Paralel Advisors LLC now owns 97,711 shares of the software maker’s stock worth $2,593,000 after purchasing an additional 11,024 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Company Profile

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.