Stocks of Box Inc. (NYSE:BOX) traded higher last session on Wall Street, up 1.77% to $28.82.
According to the data, Box Inc. (NYSE:BOX) has 14 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $21.00, we find $34.00. Given the previous closing price of $28.32, this indicates a potential upside of 20.06 percent. BOX stock price is now 2.87% away from the 50-day moving average and 0.75% away from the 200-day moving average. The market capitalization of the company currently stands at $4.20B.
A total of 3 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $32.91 as their price target over the next twelve months.
With the price target reduced from $28 to $24, RBC Capital Mkts Downgraded its rating from Sector Perform to Underperform for Box Inc. (NYSE: BOX).
In other news, Levie Aaron, Chief Executive Officer sold 10,000 shares of the company’s stock on Jun 29. The stock was sold for $291,980 at an average price of $29.20. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,078,653 shares in the company, valued at $88.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15, Director LAZAR JACK R sold 5,000 shares of the business’s stock. A total of $149,750 was realized by selling the stock at an average price of $29.95. This leaves the insider owning 21,555 shares of the company worth $0.62 million. Insiders disposed of 768,252 shares of company stock worth roughly $22.14 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOX stock. A new stake in Box Inc. shares was purchased by WESTFIELD CAPITAL MANAGEMENT CO LP during the first quarter worth $28,062,000. JUPITER ASSET MANAGEMENT LTD invested $10,511,000 in shares of BOX during the first quarter. In the first quarter, MGO ONE SEVEN LLC acquired a new stake in Box Inc. valued at approximately $5,355,000. TCWP LLC acquired a new stake in BOX for approximately $5,355,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in BOX valued at around $5,122,000 in the second quarter. In total, there are 498 active investors with 91.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $28.23 for Box Inc. (NYSE: BOX). During the past 12 months, Box Inc. has had a low of $24.00 and a high of $34.98. According to the stock market information, the enterprise value for the company is $4.67B, which is based on a 225.16 price-to-earnings ratio, a 11.81 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for BOX is $28.07 and a two-hundred day moving average price translates $28.62 for the stock.
The latest earnings results from Box Inc. (NYSE: BOX) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.27 by 0.05. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $251.9 million for the quarter, compared to $238.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.65 percent. For the current quarter, analysts expect BOX to generate $261.12M in revenue.
Box Inc.(BOX) Company Profile
Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It also offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities. As of January 31, 2023, the company had approximately 100,000 paying organizations, and its solution was offered in 25 languages. It serves financial services, health care, government, and legal services industries in the United States and internationally. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in San Francisco Bay Area, California.
