BOX (NYSE:BOX) CFO Sells $442,000.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the sale, the chief financial officer directly owned 1,364,049 shares of the company’s stock, valued at $35,465,274. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BOX Price Performance

Shares of BOX traded down $0.08 during trading hours on Wednesday, hitting $26.46. The stock had a trading volume of 1,569,121 shares, compared to its average volume of 2,495,572. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $36.46. The firm has a market capitalization of $3.66 billion, a PE ratio of 40.70, a PEG ratio of 1.50 and a beta of 0.74. The stock has a fifty day moving average price of $24.80 and a 200 day moving average price of $26.12.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $304.39 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. 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. As a group, analysts anticipate that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX announced that its Board of Directors has approved a stock buyback program on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 14.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of BOX

Several hedge funds have recently bought and sold shares of BOX. Northwestern Mutual Wealth Management Co. grew its holdings in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after purchasing an additional 3,053,829 shares during the period. Norges Bank bought a new stake in BOX during the fourth quarter valued at about $58,814,000. Qube Research & Technologies Ltd grew its holdings in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares during the period. Cubist Systematic Strategies LLC bought a new stake in BOX during the second quarter valued at about $22,626,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after purchasing an additional 604,946 shares during the period. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOX. UBS Group lifted their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Citigroup lifted their price objective on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Morgan Stanley cut their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BOX presently has a consensus rating of “Hold” and an average price target of $35.33.

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.