BOX (NYSE:BOX) Sets New 1-Year High – Here’s Why

Box, Inc. (NYSE:BOX) shares reached a new 52-week high during trading on Thursday. The company traded as high as $36.34 and last traded at $36.3220, with a volume of 1,786,487 shares. The stock had previously closed at $35.70.

Analysts Set New Price Targets

BOX has been the subject of several research reports. UBS Group lifted their price target on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Citigroup raised their target price on shares of BOX from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Finally, Weiss Ratings raised shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.80.

BOX Price Performance

The company’s 50-day moving average is $33.78 and its 200-day moving average is $28.73. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 11.83 and a beta of 0.72.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Sell-side analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dana Evan sold 6,158 shares of BOX stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $215,530.00. Following the transaction, the director owned 115,739 shares in the company, valued at approximately $4,050,865. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.52, for a total value of $586,840.00. Following the transaction, the chief financial officer owned 1,320,075 shares in the company, valued at approximately $45,568,989. This represents a 1.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,969 shares of company stock worth $2,001,415. 3.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of BOX by 12.1% in the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after acquiring an additional 314 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in BOX by 8.6% in the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock worth $187,000 after purchasing an additional 560 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of BOX by 34.8% during the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after purchasing an additional 567 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of BOX by 4.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,860 shares of the software maker’s stock worth $399,000 after buying an additional 675 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of BOX by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 10,789 shares of the software maker’s stock valued at $361,000 after buying an additional 826 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.