Equities Analysts Offer Predictions for BOX FY2027 Earnings

Box, Inc. (NYSE:BOX) – Investment analysts at DA Davidson raised their FY2027 earnings per share estimates for shares of 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 forecast 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.

Several other research analysts have also issued reports on BOX. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised their price target on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Bank of America initiated coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.11.

BOX Stock Up 0.4 %

NYSE:BOX opened at $30.35 on Friday. BOX has a 12-month low of $24.63 and a 12-month high of $35.74. The firm has a market capitalization of $4.36 billion, a P/E ratio of 37.93, a P/E/G ratio of 4.42 and a beta of 1.00. The stock’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $32.71.

Hedge Funds Weigh In On BOX

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Earnest Partners LLC grew its holdings in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker’s stock worth $249,543,000 after purchasing an additional 162,437 shares during the period. State Street Corp grew its holdings in BOX by 1.2% during the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. grew its holdings in BOX by 8.4% during the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock worth $103,857,000 after purchasing an additional 255,623 shares during the period. Finally, Geode Capital Management LLC grew its holdings in BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after purchasing an additional 13,028 shares during the period. Institutional investors own 86.74% of the company’s stock.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the sale, the chief financial officer now owns 1,440,684 shares of the company’s stock, valued at approximately $46,029,853.80. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of BOX stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the sale, the chief operating officer now directly owns 453,146 shares in the company, valued at approximately $14,432,700.10. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,363 shares of company stock valued at $2,533,374. 4.10% of the stock is owned by insiders.

BOX announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically 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.