BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $31.36, for a total value of $533,120.00. Following the sale, the chief financial officer directly owned 1,437,013 shares of the company’s stock, valued at approximately $45,064,727.68. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BOX Trading Up 0.1%

NYSE BOX opened at $32.00 on Friday. The stock has a fifty day simple moving average of $32.49 and a 200-day simple moving average of $32.86. The stock has a market cap of $4.64 billion, a PE ratio of 25.81 and a beta of 0.87. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. BOX’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Research analysts predict that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. UBS Group lowered BOX from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $36.00 in a research report on Thursday, September 18th. Weiss Ratings restated a “buy (b-)” rating on shares of BOX in a research note on Wednesday, October 8th. Citigroup lifted their price objective on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently modified their holdings of the company. Cerity Partners LLC acquired a new stake in BOX in the first quarter valued at $1,395,000. Xponance Inc. boosted its position in shares of BOX by 3.5% during the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker’s stock worth $464,000 after acquiring an additional 513 shares in the last quarter. MQS Management LLC purchased a new position in shares of BOX in the 1st quarter valued at about $226,000. Victory Capital Management Inc. raised its position in shares of BOX by 11.7% during the 1st quarter. Victory Capital Management Inc. now owns 650,713 shares of the software maker’s stock worth $20,081,000 after acquiring an additional 68,126 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in BOX during the first quarter worth approximately $623,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.