BOX Target of Unusually Large Options Trading (NYSE:BOX)

Box, Inc. (NYSE:BOX) saw some unusual options trading activity on Wednesday. Traders purchased 10,767 call options on the company. This represents an increase of approximately 432% compared to the typical daily volume of 2,025 call options.

Insider Buying and Selling at BOX

In other news, Director Jack R. Lazar sold 5,000 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the completion of the transaction, the director directly owned 27,855 shares in the company, valued at approximately $896,931. This represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 51,000 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 1,480,732 shares of the company’s stock, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 122,336 shares of company stock valued at $3,986,999. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BOX. Sunriver Management LLC boosted its position in BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after purchasing an additional 597,410 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in BOX in the second quarter worth $256,000. Creative Planning lifted its stake in BOX by 84.3% in the second quarter. Creative Planning now owns 39,251 shares of the software maker’s stock valued at $1,341,000 after buying an additional 17,950 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of BOX during the first quarter valued at $1,028,000. Finally, 111 Capital acquired a new position in shares of BOX during the second quarter valued at $659,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Up 6.4%

NYSE:BOX traded up $1.92 during trading hours on Wednesday, reaching $32.09. 3,049,442 shares of the stock were exchanged, compared to its average volume of 1,921,746. The stock has a market capitalization of $4.65 billion, a P/E ratio of 25.84 and a beta of 0.79. The firm has a 50 day simple moving average of $31.78 and a 200-day simple moving average of $32.75. BOX has a 52 week low of $28.00 and a 52 week high of $38.80.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, December 2nd. The software maker reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business had revenue of $301.11 million for the quarter, compared to analyst estimates of $298.93 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.280- EPS and its Q4 2026 guidance at 0.330- EPS. As a group, analysts expect that BOX will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BOX. Weiss Ratings cut BOX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Royal Bank Of Canada upped their target price on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday, August 27th. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Finally, Citigroup upped their price target on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.