Box, Inc. (NYSE:BOX – Get Free Report) CFO Dylan Smith sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the sale, the chief financial officer owned 1,337,075 shares in the company, valued at $38,842,028.75. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BOX Stock Performance
BOX stock opened at $28.63 on Monday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 1.62 and a beta of 0.74. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88. The firm has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $25.51.
BOX (NYSE:BOX – Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, equities research analysts predict that Box, Inc. will post 0.31 EPS for the current fiscal year.
Institutional Trading of BOX
Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp boosted its stake in BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after acquiring an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX in the 1st quarter worth approximately $31,000. Employees Retirement System of Texas purchased a new position in BOX in the third quarter valued at approximately $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.
Analyst Ratings Changes
BOX has been the topic of several research analyst reports. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Citigroup lifted their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Finally, Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.33.
About BOX
Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.
The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.
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