Insider Selling: BOX (NYSE:BOX) CFO Sells 17,000 Shares of Stock

Box, Inc. (NYSE:BOX – Get Free Report) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $36.56, for a total transaction of $621,520.00. Following the sale, the chief financial officer owned 1,293,100 shares of the company’s stock, valued at approximately $47,275,736. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BOX Price Performance

BOX stock traded up $0.77 during midday trading on Tuesday, reaching $37.48. The company had a trading volume of 1,848,113 shares, compared to its average volume of 2,634,170. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $37.59. The company has a market capitalization of $5.14 billion, a P/E ratio of 54.32, a P/E/G ratio of 11.86 and a beta of 0.72. The firm has a 50-day moving average price of $33.88 and a 200-day moving average price of $28.86.

BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. 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 analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its position in BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after purchasing an additional 314 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of BOX by 8.6% in the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock worth $187,000 after purchasing an additional 560 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of BOX by 34.8% in the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after purchasing an additional 567 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of BOX by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 16,860 shares of the software maker’s stock worth $399,000 after purchasing an additional 675 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of BOX by 8.3% in the third quarter. GAMMA Investing LLC now owns 10,789 shares of the software maker’s stock worth $361,000 after buying an additional 826 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BOX. Weiss Ratings upgraded BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. UBS Group upped their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. DA Davidson increased their price objective on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Citigroup increased their price objective on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BOX currently has an average rating of “Hold” and a consensus target price of $37.80.

Get Our Latest Analysis on BOX

BOX Company Profile

(Get Free Report)

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.

Further Reading

Insider Buying and Selling by Quarter for BOX (NYSE:BOX)

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