FY2027 Earnings Estimate for BOX Issued By DA Davidson

Box, Inc. (NYSE:BOX) – Stock analysts at DA Davidson increased their FY2027 earnings estimates for BOX in a research report issued to clients and investors on Wednesday, March 19th. DA Davidson analyst L. Schreiner now anticipates that the software maker will post earnings per share of ($0.33) for the year, up from their previous estimate of ($0.34). DA Davidson currently has a “Buy” rating and a $45.00 target price on the stock. The consensus estimate for BOX’s current full-year earnings is $0.27 per share.

A number of other research firms have also weighed in on BOX. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Raymond James reaffirmed an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Citigroup raised their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.11.

BOX Trading Up 0.4 %

BOX opened at $30.35 on Friday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 37.93, a PEG ratio of 4.42 and a beta of 1.00. BOX has a 12-month low of $24.63 and a 12-month high of $35.74. The stock has a 50-day moving average price of $32.73 and a 200-day moving average price of $32.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in BOX by 20.5% in the third quarter. Natixis Advisors LLC now owns 382,530 shares of the software maker’s stock valued at $12,520,000 after buying an additional 65,185 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of BOX by 7.3% during the 3rd quarter. Pathstone Holdings LLC now owns 51,813 shares of the software maker’s stock worth $1,696,000 after buying an additional 3,532 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of BOX in the 3rd quarter valued at $1,190,000. Integrated Investment Consultants LLC raised its stake in BOX by 8.9% during the 3rd quarter. Integrated Investment Consultants LLC now owns 15,542 shares of the software maker’s stock worth $509,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in BOX by 5.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker’s stock worth $2,920,000 after acquiring an additional 4,766 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at $95,591,342.40. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.05, for a total value of $403,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,363 shares of company stock worth $2,533,374. Corporate insiders own 4.10% of the company’s stock.

BOX announced that its board has approved a share buyback program on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.