BOX (BOX) – Research Analysts’ Weekly Ratings Updates

BOX (NYSE: BOX) recently received a number of ratings updates from brokerages and research firms:

  • 5/29/2024 – BOX had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $21.00 price target on the stock.
  • 5/29/2024 – BOX had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $35.00 price target on the stock.
  • 5/29/2024 – BOX had its price target lowered by analysts at Morgan Stanley from $32.00 to $30.00. They now have an “equal weight” rating on the stock.
  • 5/29/2024 – BOX had its price target lowered by analysts at UBS Group AG from $34.00 to $31.00. They now have a “buy” rating on the stock.
  • 5/22/2024 – BOX was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $32.00 price target on the stock, down previously from $35.00.
  • 4/11/2024 – BOX was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

BOX Trading Down 0.7 %

Shares of BOX opened at $26.92 on Friday. The firm’s 50-day moving average is $26.84 and its two-hundred day moving average is $26.57. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94. The firm has a market capitalization of $3.89 billion, a P/E ratio of 36.88, a PEG ratio of 8.03 and a beta of 0.83.

BOX (NYSE:BOXGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. Analysts predict that Box, Inc. will post 0.17 EPS for the current year.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.26, for a total value of $380,380.00. Following the sale, the chief financial officer now directly owns 1,395,702 shares in the company, valued at $40,838,240.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.26, for a total value of $380,380.00. Following the sale, the chief financial officer now directly owns 1,395,702 shares in the company, valued at $40,838,240.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,774,134 over the last ninety days. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently modified their holdings of the company. Capstone Investment Advisors LLC purchased a new position in shares of BOX during the fourth quarter valued at approximately $1,176,000. Dimensional Fund Advisors LP lifted its stake in shares of BOX by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock valued at $56,523,000 after buying an additional 47,220 shares during the period. Rhumbline Advisers lifted its stake in shares of BOX by 0.7% during the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock valued at $4,984,000 after buying an additional 1,347 shares during the period. Earnest Partners LLC lifted its stake in shares of BOX by 1.2% during the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after buying an additional 70,129 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in BOX by 10.3% during the fourth quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock worth $12,619,000 after purchasing an additional 45,971 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.

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