Aaron Levie Sells 15,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,937,030 shares of the company’s stock, valued at approximately $96,363,954.30. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aaron Levie also recently made the following trade(s):

• On Thursday, July 10th, Aaron Levie sold 15,000 shares of BOX stock. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00.

BOX Stock Performance

BOX stock opened at $32.53 on Friday. The company has a fifty day moving average price of $32.32 and a 200-day moving average price of $32.36. The company has a market capitalization of $4.71 billion, a P/E ratio of 26.23 and a beta of 0.95. Box, Inc. has a 52-week low of $28.00 and a 52-week high of $38.80.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping 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 analysts’ expectations of $290.19 million. During the same period in the prior year, the company posted $0.44 earnings per share. BOX’s revenue for the quarter was up 8.9% compared to the same quarter last year. 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, sell-side analysts forecast that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. Citigroup lifted their target price on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Finally, Zacks Research raised shares of BOX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after buying an additional 713 shares during the last quarter. TCTC Holdings LLC increased its stake in shares of BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock worth $25,000 after acquiring an additional 442 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock worth $27,000 after acquiring an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in BOX during the 1st quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in BOX during the 1st quarter valued at about $31,000. 86.74% of the stock is currently owned by institutional investors.

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.