Whittier Trust Co. Cuts Stock Holdings in Box, Inc. $BOX

Whittier Trust Co. lowered its stake in shares of Box, Inc. (NYSE:BOX) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,205 shares of the software maker’s stock after selling 1,205 shares during the quarter. Whittier Trust Co.’s holdings in BOX were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BOX. TCTC Holdings LLC increased its position in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock worth $25,000 after acquiring an additional 442 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of BOX during the first quarter worth $31,000. Geneos Wealth Management Inc. purchased a new stake in shares of BOX during the first quarter worth $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of BOX during the second quarter worth $41,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of BOX by 692.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after acquiring an additional 1,150 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Price Performance

NYSE:BOX opened at $33.16 on Friday. The firm has a market capitalization of $4.80 billion, a PE ratio of 26.74 and a beta of 0.90. The business’s fifty day moving average price is $32.51 and its 200 day moving average price is $32.66. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80.

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

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the completion of the transaction, the chief executive officer owned 2,937,030 shares in the company, valued at $96,363,954.30. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Eli Berkovitch sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $32.77, for a total transaction of $114,695.00. Following the completion of the transaction, the vice president owned 128,847 shares of the company’s stock, valued at $4,222,316.19. This represents a 2.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,737 shares of company stock valued at $3,373,709 over the last ninety days. Company insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BOX. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. UBS Group lowered BOX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Royal Bank Of Canada increased their target price on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a report on Wednesday, August 27th. Finally, Citigroup increased their target price on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BOX has an average rating of “Moderate Buy” and a consensus price target of $38.25.

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.