Insider Selling: BOX (NYSE:BOX) VP Sells $159,768.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 6,300 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the completion of the sale, the vice president owned 115,679 shares of the company’s stock, valued at approximately $2,933,619.44. The trade was a 5.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The stock was sold at an average price of $23.85, for a total transaction of $584,325.00.

BOX Price Performance

NYSE BOX opened at $26.97 on Monday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $38.80. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 1.37 and a beta of 0.74. The company has a fifty day moving average price of $24.28 and a 200-day moving average price of $26.33.

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. The company had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, research analysts anticipate that Box, Inc. will post 0.34 EPS for the current fiscal year.

BOX declared that its Board of Directors has authorized a share buyback program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 14.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BOX. UBS Group boosted their price target on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. William Blair reissued a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Citigroup boosted their price target on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.33.

Institutional Trading of BOX

A number of institutional investors have recently modified their holdings of the business. Linden Thomas Advisory Services LLC lifted its stake in shares of BOX by 1.4% during the 4th 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after buying an additional 405 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of BOX by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock valued at $827,000 after buying an additional 449 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of BOX by 1.2% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock valued at $1,329,000 after buying an additional 469 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of BOX by 22.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after buying an additional 490 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.