Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Box, Inc. $BOX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Box, Inc. (NYSE:BOX) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 40,711 shares of the software maker’s stock after acquiring an additional 461 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in BOX were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC bought a new position in BOX in the first quarter worth $1,395,000. Sunriver Management LLC raised its holdings in BOX by 62.9% in the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock worth $47,736,000 after purchasing an additional 597,410 shares in the last quarter. SG Americas Securities LLC raised its holdings in BOX by 420.1% in the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker’s stock worth $928,000 after purchasing an additional 24,286 shares in the last quarter. GAMMA Investing LLC raised its holdings in BOX by 8,676.2% in the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker’s stock worth $4,135,000 after purchasing an additional 126,152 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in BOX in the first quarter worth $387,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Trading Down 0.9%

Shares of BOX opened at $32.21 on Friday. The firm has a market cap of $4.67 billion, a PE ratio of 25.97 and a beta of 0.90. The firm has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $32.42. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, research analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BOX. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOX in a report on Saturday, September 27th. Zacks Research lowered shares of BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup lifted their target price on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Finally, UBS Group lowered shares of BOX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $38.25.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 3,000 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the completion of the sale, the vice president directly owned 133,867 shares in the company, valued at approximately $4,463,125.78. The trade was a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 51,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the sale, the chief financial officer owned 1,480,732 shares of the company’s stock, valued at approximately $48,612,431.56. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,616 shares of company stock worth $3,311,929. 3.90% of the stock is owned by corporate insiders.

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.