Eli Berkovitch Sells 3,850 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX – Get Free Report) VP Eli Berkovitch sold 3,850 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the sale, the vice president owned 105,404 shares in the company, valued at $3,793,489.96. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eli Berkovitch also recently made the following trade(s):

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• On Wednesday, July 8th, Eli Berkovitch sold 1,800 shares of BOX stock. The stock was sold at an average price of $28.95, for a total transaction of $52,110.00.
• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The shares were sold at an average price of $25.32, for a total value of $68,364.00.

BOX Stock Down 1.4%

BOX opened at $34.68 on Thursday. The firm has a market cap of $4.80 billion, a PE ratio of 50.27, a P/E/G ratio of 11.71 and a beta of 0.73. The business has a fifty day simple moving average of $31.03 and a 200-day simple moving average of $26.82. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.34.

BOX (NYSE:BOX – Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The company had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same period in the previous year, the firm earned $0.33 earnings per share. BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities research analysts anticipate that Box, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Bank of America reaffirmed a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Royal Bank Of Canada restated an “underperform” rating and set a $26.00 target price on shares of BOX in a research report on Wednesday, August 26th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Finally, DA Davidson raised their target price on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.80.

View Our Latest Stock Analysis on BOX

Institutional Investors Weigh In On BOX

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of BOX by 8.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after purchasing an additional 405 shares in the last quarter. ProShare Advisors LLC raised its position in shares of BOX by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after acquiring an additional 449 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of BOX by 22.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after purchasing an additional 490 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of BOX by 2.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,318 shares of the software maker’s stock valued at $638,000 after purchasing an additional 500 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of BOX by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 37,237 shares of the software maker’s stock valued at $1,272,000 after acquiring an additional 541 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

About BOX

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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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