BOX (NYSE:BOX) CFO Sells $710,940.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $41.82, for a total value of $710,940.00. Following the completion of the transaction, the chief financial officer directly owned 1,276,100 shares of the company’s stock, valued at approximately $53,366,502. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BOX Stock Performance

NYSE BOX traded up $0.03 during trading hours on Friday, reaching $43.66. 1,333,780 shares of the company’s stock were exchanged, compared to its average volume of 2,646,646. Box, Inc. has a one year low of $21.34 and a one year high of $44.88. The company’s 50-day moving average is $37.85 and its two-hundred day moving average is $29.49. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 63.27, a price-to-earnings-growth ratio of 11.45 and a beta of 0.65.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Research analysts predict that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in BOX by 10.2% during the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock worth $23,898,000 after purchasing an additional 93,516 shares during the period. Janus Henderson Group PLC raised its stake in BOX by 74.9% in the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after buying an additional 491,505 shares during the period. Triasima Portfolio Management inc. bought a new stake in BOX in the third quarter valued at approximately $3,284,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of BOX in the third quarter valued at approximately $9,444,000. Finally, Hsbc Holdings PLC lifted its position in shares of BOX by 108.9% in the first quarter. Hsbc Holdings PLC now owns 77,371 shares of the software maker’s stock valued at $1,839,000 after buying an additional 40,341 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BOX shares. Citigroup raised their target price on shares of BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Wall Street Zen lowered BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Four equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.80.

About BOX

Box, Inc. provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices. The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content. Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.