Box, Inc. (NYSE:BOX – Free Report) – Stock analysts at DA Davidson dropped their FY2026 earnings per share (EPS) estimates for BOX in a research note issued on Tuesday, April 15th. DA Davidson analyst L. Schreiner now anticipates that the software maker will earn ($0.39) per share for the year, down from their previous forecast of ($0.37). DA Davidson has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for BOX’s current full-year earnings is $0.27 per share. DA Davidson also issued estimates for BOX’s FY2027 earnings at ($0.37) EPS.
A number of other analysts have also weighed in on the stock. Morgan Stanley lowered their price objective on shares of BOX from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday. Raymond James reiterated an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research note on Wednesday, March 5th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, March 19th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, BOX has an average rating of “Moderate Buy” and an average price target of $36.44.
BOX Trading Down 0.4 %
Shares of BOX stock opened at $29.65 on Thursday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 4.42 and a beta of 0.96. BOX has a twelve month low of $24.63 and a twelve month high of $35.74. The stock has a fifty day simple moving average of $31.74 and a two-hundred day simple moving average of $32.34.
BOX declared that its board has initiated a stock repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Transactions at BOX
In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the transaction, the chief executive officer now owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the sale, the chief financial officer now owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,996 shares of company stock worth $2,329,886 over the last three months. 4.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On BOX
Hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after buying an additional 665 shares during the period. Versant Capital Management Inc lifted its holdings in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock valued at $60,000 after acquiring an additional 1,636 shares during the period. Smartleaf Asset Management LLC lifted its holdings in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after acquiring an additional 1,897 shares during the period. TD Waterhouse Canada Inc. boosted its position in BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after purchasing an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after purchasing an additional 417 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.
About BOX
Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.
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