BOX (NYSE:BOX) VP Sells $68,364.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 2,700 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $25.32, for a total transaction of $68,364.00. Following the sale, the vice president directly owned 112,979 shares of the company’s stock, valued at approximately $2,860,628.28. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Thursday, May 28th, Eli Berkovitch sold 6,300 shares of BOX stock. The stock was sold at an average price of $25.36, for a total value of $159,768.00.
• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The shares were sold at an average price of $23.85, for a total value of $584,325.00.

BOX Trading Up 1.9%

BOX stock opened at $25.46 on Thursday. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $34.86. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 1.41 and a beta of 0.74. The company’s 50-day moving average price is $25.16 and its two-hundred day moving average price is $25.75.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The company had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter 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. Research analysts expect that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to purchase up to 14.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC lifted its stake in shares of BOX by 1.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock valued at $816,000 after buying an additional 387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in BOX by 8.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after acquiring an additional 405 shares during the period. ProShare Advisors LLC raised its holdings in BOX by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock valued at $827,000 after acquiring an additional 449 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of BOX by 1.2% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock worth $1,329,000 after acquiring an additional 469 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of BOX by 22.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of research reports. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Citigroup lifted their target price 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 target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. William Blair restated a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Finally, UBS Group increased their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.