Box Inc. (NYSE:BOX) shares traded -1.96% lower at $26.48 on Wall Street last session.
In accordance with the data, 13 analysts cover Box Inc. (NYSE:BOX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $21.00, we find $33.00. Given the previous closing price of $27.01, this indicates a potential upside of 22.18 percent. BOX stock price is now -11.95% away from the 50-day moving average and -9.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.79B.
It has been rated a hold by 3 analysts and a buy by 8. Brokers who have rated the stock have averaged $32.10 as their price target over the next twelve months.
In other news, Smith Dylan C, Chief Financial Officer sold 13,000 shares of the company’s stock on Aug 10. The stock was sold for $398,398 at an average price of $30.65. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,520,165 shares in the company, valued at $40.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10, Chief Financial Officer Smith Dylan C sold 13,000 shares of the business’s stock. A total of $369,005 was realized by selling the stock at an average price of $28.39. This leaves the insider owning 1,533,165 shares of the company worth $40.6 million. Insiders disposed of 791,252 shares of company stock worth roughly $20.95 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 CHAMPLAIN INVESTMENT PARTNERS, LLC during the first quarter worth $95,354,000. KADENSA CAPITAL LTD invested $9,492,000 in shares of BOX during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Box Inc. valued at approximately $5,603,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in BOX for approximately $4,427,000. COMERICA BANK purchased a new stake in BOX valued at around $2,075,000 in the second quarter. In total, there are 491 active investors with 91.90% ownership of the company’s stock.
Box Inc. (NYSE: BOX) opened at $27.17 on Thursday. 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 $4.48B, which is based on a 206.87 price-to-earnings ratio, a 10.85 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for BOX is $30.07 and a two-hundred day moving average price translates $29.29 for the stock.
The latest earnings results from Box Inc. (NYSE: BOX) was released for Jul, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.35 by 0.01. 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 $263.55M 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.
