BOX (NYSE:BOX) Issues Q4 Earnings Guidance

BOX (NYSE:BOX) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of ~$0.41 for the period, compared to the consensus earnings per share estimate of $0.41. The company issued revenue guidance of ~$279 million, compared to the consensus revenue estimate of $279.37 million. BOX also updated its FY 2025 guidance to 1.700-1.700 EPS.

BOX Trading Down 2.0 %

BOX stock traded down $0.69 during trading on Tuesday, hitting $34.42. 2,621,104 shares of the stock traded hands, compared to its average volume of 1,992,497. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 43.56 and a beta of 0.86. BOX has a one year low of $23.29 and a one year high of $35.74. The company has a 50 day simple moving average of $33.04 and a 200 day simple moving average of $29.79.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group increased their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Citigroup increased their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley boosted their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.22.

Insider Buying and Selling at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at $49,356,740.29. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock valued at $1,711,135 in the last quarter. Company insiders own 4.10% of the company’s stock.

About BOX

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.