Eli Berkovitch Sells 2,700 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 2,700 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $25.32, for a total transaction of $68,364.00. Following the transaction, the vice president owned 112,979 shares in the company, valued at $2,860,628.28. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 28th, Eli Berkovitch sold 6,300 shares of BOX stock. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00.
• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The stock was sold at an average price of $23.85, for a total transaction of $584,325.00.

BOX Price Performance

BOX stock opened at $24.91 on Wednesday. The company’s 50-day moving average is $25.10 and its 200 day moving average is $25.80. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $34.86. The firm has a market capitalization of $3.45 billion, a P/E ratio of 38.32, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The company had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. During the same quarter in the previous year, the business earned $0.30 EPS. BOX’s revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Research analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX declared that its board has approved a share buyback program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On BOX

Several hedge funds have recently modified their holdings of the company. Linden Thomas Advisory Services LLC raised its position in shares of BOX by 1.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after purchasing an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 buying an additional 405 shares in the last quarter. ProShare Advisors LLC boosted its holdings in BOX by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after buying an additional 449 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in BOX by 1.2% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock worth $1,329,000 after buying an additional 469 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in BOX by 22.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after buying an additional 490 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group boosted their price target on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Citigroup upped their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.