Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Box, Inc. (NYSE:BOX – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,601 shares of the software maker’s stock, valued at approximately $824,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of BOX. Fortitude Family Office LLC lifted its holdings in shares of BOX by 408.2% in the third quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock worth $25,000 after buying an additional 600 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of BOX in the second quarter valued at approximately $56,000. Farther Finance Advisors LLC boosted its position 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 valued at $73,000 after acquiring an additional 567 shares during the period. Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 314 shares during the period. Finally, Globeflex Capital L P purchased a new position in BOX during the second quarter valued at approximately $102,000. 86.74% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other BOX news, Director Dana Evan sold 6,158 shares of BOX stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $215,530.00. Following the completion of the sale, the director directly owned 115,739 shares in the company, valued at $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the completion of the transaction, the chief executive officer directly owned 2,859,673 shares of the company’s stock, valued at approximately $97,915,203.52. This represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,594 shares of company stock valued at $2,478,743 over the last three months. Corporate insiders own 3.99% of the company’s stock.
BOX Stock Down 0.0%
NYSE:BOX opened at $41.94 on Monday. The stock has a market cap of $5.75 billion, a P/E ratio of 60.78, a PEG ratio of 11.03 and a beta of 0.65. The business’s 50-day moving average price is $37.24 and its two-hundred day moving average price is $29.17. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $44.88.
BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. BOX’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. 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 expect that Box, Inc. will post 0.32 EPS for the current fiscal year.
Analyst Ratings Changes
BOX has been the topic of a number of analyst reports. Bank of America reaffirmed a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. UBS Group boosted their price target on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Citigroup upped their price target on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 price objective on shares of BOX in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.80.
BOX Profile
Box, Inc provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices.
The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content.
Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.
Further Reading
- Five stocks we like better than BOX
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.
