DA Davidson Comments on BOX's FY2027 Earnings (NYSE:BOX)

Box, Inc. (NYSE:BOX - Free Report) - Stock analysts at DA Davidson boosted their FY2027 earnings per share (EPS) estimates for BOX in a research report issued to clients and investors on Wednesday, March 19th. DA Davidson analyst L. Schreiner now forecasts that the software maker will earn ($0.33) per share for the year, up from their prior forecast of ($0.34). DA Davidson currently has a "Buy" rating and a $45.00 price target on the stock. The consensus estimate for BOX's current full-year earnings is $0.27 per share.

BOX has been the subject of several other reports. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They issued a "buy" rating and a $40.00 price objective for the company. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, BOX currently has a consensus rating of "Moderate Buy" and an average price target of $37.11.

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BOX Stock Down 0.1 %

Shares of NYSE:BOX traded down $0.04 on Friday, hitting $30.77. The company had a trading volume of 1,154,367 shares, compared to its average volume of 1,732,830. BOX has a 1 year low of $24.63 and a 1 year high of $35.74. The firm's 50-day simple moving average is $32.71 and its two-hundred day simple moving average is $32.68. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX announced that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 4,791 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total transaction of $148,808.46. Following the sale, the vice president now directly owns 132,741 shares in the company, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Friday, January 10th. The stock was 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 of the company's stock, valued at approximately $45,540,538.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,363 shares of company stock worth $2,533,374. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in BOX by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock valued at $247,000 after acquiring an additional 391 shares during the period. Farther Finance Advisors LLC lifted its position in BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the period. Sanctuary Advisors LLC boosted its holdings in BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock worth $1,189,000 after purchasing an additional 423 shares during the last quarter. Aspiriant LLC grew its position in BOX by 5.0% in the 4th quarter. Aspiriant LLC now owns 9,048 shares of the software maker's stock worth $286,000 after purchasing an additional 427 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in BOX by 2.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock valued at $548,000 after buying an additional 442 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

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.