Box, Inc. (NYSE:BOX – Free Report) – Equities research analysts at DA Davidson decreased their FY2026 earnings per share (EPS) estimates for BOX in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst L. Schreiner now forecasts that the software maker will earn ($0.39) per share for the year, down from their prior forecast of ($0.37). DA Davidson currently has a “Buy” rating and a $40.00 target price 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.
Several other research firms have also weighed in on BOX. Morgan Stanley decreased their target price on shares of BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday. Raymond James reiterated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on shares of BOX from $38.00 to $37.00 and set an “overweight” rating for the company 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. Finally, StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.44.
BOX Stock Down 0.4 %
Shares of NYSE:BOX opened at $29.65 on Thursday. BOX has a 52-week low of $24.63 and a 52-week high of $35.74. The stock has a market cap of $4.26 billion, a P/E ratio of 37.06, a PEG ratio of 4.42 and a beta of 0.96. The business has a fifty day moving average of $31.74 and a two-hundred day moving average of $32.34.
Institutional Trading of BOX
Institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. grew its position in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after acquiring an additional 665 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock valued at $60,000 after purchasing an additional 1,636 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in BOX by 42.4% in the fourth 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 during the period. Finally, Farther Finance Advisors LLC grew its position 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 valued at $81,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
Insiders Place Their Bets
In other news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the transaction, the chief operating officer now owns 440,988 shares of the company’s stock, valued at $15,178,806.96. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the transaction, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at $49,890,434.88. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,996 shares of company stock worth $2,329,886. Company insiders own 4.10% of the company’s stock.
BOX announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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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