Box Inc (NYSE:BOX) shares traded -1.29% lower at $26.85 on Wall Street last session.
BOX stock price is now -0.70% away from the 50-day moving average and 1.81% away from the 200-day moving average. The market capitalization of the company currently stands at $3.91B.
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With the price target reduced from $35 to $32, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Box Inc (NYSE: BOX). On December 15, 2023, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘Craig Hallum’ rates the stock as ‘Hold’
In other news, Smith Dylan C, Chief Financial Officer sold 13,000 shares of the company’s stock on May 10 ’24. The stock was sold for $339,092 at an average price of $26.08. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,565,912 shares in the company, valued at $42.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10 ’24, Chief Financial Officer Smith Dylan C sold 13,000 shares of the business’s stock. A total of $354,900 was realized by selling the stock at an average price of $27.30. This leaves the insider owning 1,578,912 shares of the company worth $42.39 million. A total of 3.55% of the company’s stock is owned by insiders.
During the past 12 months, Box Inc has had a low of $23.29 and a high of $31.94. According to the stock market information, the enterprise value for the company is $4363764736, which is based on a 36.76 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for BOX is $27.0016 and a two-hundred day moving average price translates $26.35385 for the stock.
The latest earnings results from Box Inc (NYSE: BOX) was released for 2024-04-30. The net profit margin was 10.18% and return on equity was 949.74% for BOX. The company reported revenue of $262.88 million for the quarter, compared to $256.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.5 percent.
