Oppenheimer Asset Management Inc. Sells 2,572 Shares of Box, Inc. $BOX

Oppenheimer Asset Management Inc. trimmed its holdings in Box, Inc. (NYSE:BOX) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,199 shares of the software maker’s stock after selling 2,572 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BOX were worth $1,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BOX. State of New Jersey Common Pension Fund D boosted its position in shares of BOX by 3.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 60,251 shares of the software maker’s stock worth $2,059,000 after acquiring an additional 2,175 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after purchasing an additional 713 shares in the last quarter. Ethic Inc. bought a new position in shares of BOX during the 2nd quarter valued at about $211,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of BOX during the second quarter valued at about $772,000. Finally, New York State Teachers Retirement System increased its holdings in shares of BOX by 3.0% in the second quarter. New York State Teachers Retirement System now owns 64,559 shares of the software maker’s stock worth $2,206,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on BOX shares. Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research note on Wednesday, August 27th. UBS Group cut BOX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Finally, Citigroup increased their price objective on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and an average price target of $38.25.

BOX Stock Performance

Shares of BOX stock opened at $31.82 on Friday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 25.66 and a beta of 0.90. The stock has a 50 day moving average price of $32.57 and a 200-day moving average price of $32.74. Box, Inc. has a one year low of $28.00 and a one year high of $38.80.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.BOX’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $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. Sell-side analysts predict that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Dylan C. Smith sold 51,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the transaction, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $33.09, for a total transaction of $152,611.08. Following the completion of the sale, the chief operating officer directly owned 502,251 shares in the company, valued at $16,619,485.59. This trade represents a 0.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 102,737 shares of company stock worth $3,373,709 in the last 90 days. Company insiders own 3.90% 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.