What is DA Davidson’s Forecast for BOX FY2027 Earnings?

Box, Inc. (NYSE:BOX) – DA Davidson increased their FY2027 earnings per share estimates for shares of BOX in a report issued on Wednesday, March 19th. DA Davidson analyst L. Schreiner now forecasts that the software maker will post earnings of ($0.33) per share for the year, up from their previous forecast of ($0.34). DA Davidson 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.

Several other brokerages have also recently issued reports on BOX. JPMorgan Chase & Co. dropped their price objective on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Bank of America began coverage on BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Citigroup lifted their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, UBS Group raised their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.11.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $30.35 on Friday. BOX has a twelve month low of $24.63 and a twelve month high of $35.74. The business’s 50 day moving average is $32.73 and its two-hundred day moving average is $32.70. The company has a market capitalization of $4.36 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.

Institutional Trading of BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BOX by 10.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,127 shares of the software maker’s stock valued at $225,000 after acquiring an additional 679 shares during the last quarter. Mackenzie Financial Corp increased its holdings in BOX by 28.2% in the 4th quarter. Mackenzie Financial Corp now owns 341,606 shares of the software maker’s stock worth $10,795,000 after purchasing an additional 75,041 shares in the last quarter. Vise Technologies Inc. raised its position in BOX by 38.5% in the fourth quarter. Vise Technologies Inc. now owns 8,540 shares of the software maker’s stock valued at $270,000 after purchasing an additional 2,372 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of BOX by 20.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 445,096 shares of the software maker’s stock valued at $14,065,000 after purchasing an additional 75,098 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of BOX by 63.3% during the fourth quarter. Woodline Partners LP now owns 15,294 shares of the software maker’s stock worth $483,000 after purchasing an additional 5,930 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 4,791 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now directly owns 132,741 shares in the company, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total transaction of $320,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at approximately $95,591,342.40. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,363 shares of company stock valued at $2,533,374 in the last quarter. 4.10% of the stock is currently owned by insiders.

BOX declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are 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.