BOX (NYSE:BOX) Given New $40.00 Price Target at DA Davidson

BOX (NYSE:BOX - Free Report) had its target price trimmed by DA Davidson from $45.00 to $40.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the software maker's stock. DA Davidson also issued estimates for BOX's FY2026 earnings at ($0.39) EPS and FY2027 earnings at ($0.37) EPS.

Several other equities analysts also recently weighed in on BOX. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Raymond James reissued an "outperform" rating and set a $38.00 price target (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.44.

BOX Stock Down 0.4 %

Shares of NYSE:BOX traded down $0.13 during trading on Monday, hitting $29.65. 928,340 shares of the company were exchanged, compared to its average volume of 1,817,048. The business's 50 day moving average is $31.64 and its 200-day moving average is $32.33. The company has a market capitalization of $4.26 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. BOX has a 1-year low of $24.63 and a 1-year high of $35.74.

BOX declared that its Board of Directors has approved a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $29.72, for a total value of $386,360.00. Following the sale, the chief financial officer now owns 1,463,951 shares in the company, valued at approximately $43,508,623.72. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction dated Monday, February 10th. The shares were 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. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,996 shares of company stock valued at $2,329,886 in the last ninety days. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Earnest Partners LLC raised its stake in shares of BOX by 2.1% in the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock valued at $249,543,000 after acquiring an additional 162,437 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 buying an additional 1,725,197 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of 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 acquiring an additional 255,623 shares during the period. Geode Capital Management LLC raised its position in shares of BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock valued at $106,387,000 after buying an additional 13,028 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of BOX by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock worth $82,492,000 after acquiring an additional 11,376 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

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.