Insider Selling: BOX (NYSE:BOX) CFO Sells $586,840.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $34.52, for a total transaction of $586,840.00. Following the completion of the sale, the chief financial officer owned 1,320,075 shares of the company’s stock, valued at approximately $45,568,989. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Trading Down 1.2%

Shares of BOX traded down $0.40 during mid-day trading on Friday, hitting $33.72. The company’s stock had a trading volume of 1,713,930 shares, compared to its average volume of 2,646,494. The firm has a 50-day simple moving average of $32.01 and a 200 day simple moving average of $27.33. The firm has a market capitalization of $4.63 billion, a P/E ratio of 48.86, a P/E/G ratio of 11.48 and a beta of 0.73. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $36.34.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $321.15 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, sell-side analysts predict that Box, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at $31,000. Employees Retirement System of Texas purchased a new position in BOX in the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC grew its stake in BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during the period. Toronto Dominion Bank acquired a new position in shares of BOX during the 4th quarter valued at $60,000. Finally, Hantz Financial Services Inc. increased its holdings in BOX by 337.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock valued at $60,000 after purchasing an additional 1,557 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BOX shares. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Citigroup lifted their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. DA Davidson raised their price target on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. 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. Finally, Morgan Stanley upped their price target 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. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.80.

About BOX

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.