Madison Asset Management LLC Sells 26,192 Shares of Box, Inc. $BOX

Madison Asset Management LLC lowered its holdings in shares of Box, Inc. (NYSE:BOX) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,719 shares of the software maker’s stock after selling 26,192 shares during the period. Madison Asset Management LLC’s holdings in BOX were worth $3,232,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BOX. First Horizon Corp lifted 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 buying an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BOX during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas bought a new stake in shares of BOX in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after acquiring an additional 1,138 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. UBS Group lifted their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.33.

BOX Stock Down 2.7%

NYSE BOX opened at $30.00 on Wednesday. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $33.88. The business has a 50 day moving average price of $26.82 and a 200-day moving average price of $25.53. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 46.16, a P/E/G ratio of 1.74 and a beta of 0.74.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $304.39 million. During the same period last year, the business earned $0.30 EPS. BOX’s quarterly 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. On average, equities research analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 12,470 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the sale, the chief operating officer directly owned 558,739 shares of the company’s stock, valued at $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 6,300 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $25.36, for a total transaction of $159,768.00. Following the completion of the transaction, the vice president directly owned 115,679 shares in the company, valued at approximately $2,933,619.44. The trade was a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 108,460 shares of company stock valued at $2,806,201 over the last three months. Corporate insiders own 3.99% of the company’s stock.

BOX Company Profile

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.