BOX (NYSE:BOX) Upgraded at Zacks Research

Zacks Research upgraded shares of BOX (NYSE:BOX) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

BOX has been the subject of a number of other reports. DA Davidson set a $45.00 price objective on BOX and gave the company a “buy” rating in a research note on Wednesday, May 28th. Royal Bank Of Canada lifted their price objective on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research note on Wednesday. Citigroup lifted their price objective on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group boosted their target price on BOX from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target on shares of BOX in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BOX has an average rating of “Moderate Buy” and a consensus price target of $39.00.

BOX Stock Down 0.7%

BOX stock opened at $32.59 on Thursday. The business has a fifty day moving average of $32.54 and a two-hundred day moving average of $32.48. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 26.28 and a beta of 0.96. BOX has a 52-week low of $28.00 and a 52-week high of $38.80.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $290.19 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, sell-side analysts anticipate that BOX will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other news, VP Eli Berkovitch sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the sale, the vice president directly owned 133,867 shares of the company’s stock, valued at approximately $4,463,125.78. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Olivia Nottebohm sold 2,013 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $32.00, for a total value of $64,416.00. Following the completion of the sale, the chief operating officer directly owned 530,060 shares of the company’s stock, valued at $16,961,920. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,081 shares of company stock worth $1,762,323. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in BOX by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 106,482 shares of the software maker’s stock valued at $3,638,000 after acquiring an additional 929 shares during the last quarter. Neuberger Berman Group LLC raised its stake in BOX by 38.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock valued at $32,637,000 after acquiring an additional 263,619 shares during the last quarter. State of Wyoming raised its stake in BOX by 68.9% during the 2nd quarter. State of Wyoming now owns 9,942 shares of the software maker’s stock valued at $340,000 after acquiring an additional 4,054 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in BOX by 79.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,810 shares of the software maker’s stock valued at $62,000 after acquiring an additional 800 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in BOX by 6.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 552,049 shares of the software maker’s stock valued at $18,864,000 after acquiring an additional 32,970 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

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.