Key Points
- BOX Director Dana Evan sold 6,158 shares at an average price of $35, generating $215,530 and reducing their ownership by 5.05% to 115,739 shares.
- BOX shares opened at $34.66, with a $4.76 billion market capitalization; the stock has traded between $21.34 and $36.34 over the past year.
- The company met quarterly earnings expectations at $0.40 per share and reported $321.15 million in revenue, up 9.2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $37.80, while institutions own 86.74% of the stock.
Box, Inc. (NYSE:BOX - Get Free Report) Director Dana Evan sold 6,158 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 115,739 shares of the company's stock, valued at $4,050,865. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
BOX Trading Down 0.4%
BOX stock opened at $34.66 on Thursday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $36.34. The firm has a market capitalization of $4.76 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 11.34 and a beta of 0.73. The firm's 50 day simple moving average is $32.49 and its 200 day simple moving average is $27.66.
BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts forecast that Box, Inc. will post 0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BOX shares. Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 26th. DA Davidson boosted their price target on shares of BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. Bank of America reissued a "buy" rating on shares of BOX in a report on Wednesday, August 26th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Finally, UBS Group upped their price target on BOX from $29.00 to $37.00 and gave the company a "neutral" rating in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.80.
Check Out Our Latest Research Report on BOX
Hedge Funds Weigh In On BOX
Institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock worth $116,285,000 after buying an additional 407,733 shares during the period. Dimensional Fund Advisors LP raised its holdings in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker's stock worth $63,232,000 after purchasing an additional 13,983 shares in the last quarter. Norges Bank bought a new position in BOX in the fourth quarter worth $58,814,000. Janus Henderson Group PLC lifted its position in BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock valued at $27,141,000 after buying an additional 491,505 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock valued at $24,335,000 after buying an additional 43,520 shares in the last quarter. 86.74% of the stock is owned by institutional investors.
About BOX
(
Get Free Report)
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.
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