CenterBook Partners LP Acquires 36,332 Shares of Box, Inc. $BOX

CenterBook Partners LP lifted its position in shares of Box, Inc. (NYSE:BOX) by 36.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,286 shares of the software maker’s stock after acquiring an additional 36,332 shares during the period. CenterBook Partners LP owned approximately 0.10% of BOX worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp lifted its holdings in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas bought a new stake in shares of BOX during the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of NYSE BOX opened at $26.59 on Tuesday. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $37.55. The firm has a 50 day moving average price of $24.66 and a two-hundred day moving average price of $26.15. The stock has a market cap of $3.68 billion, a P/E ratio of 40.91, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts predict that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

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

Insider Activity

In other news, COO Olivia Nottebohm sold 12,470 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $25.17, for a total value of $313,869.90. Following the sale, the chief operating officer directly owned 558,739 shares of the company’s stock, valued at approximately $14,063,460.63. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dana L. Evan sold 17,034 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $24.24, for a total transaction of $412,904.16. Following the completion of the sale, the director directly owned 113,525 shares in the company, valued at approximately $2,751,846. This represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 106,774 shares of company stock valued at $2,595,682. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BOX. William Blair reaffirmed a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Citigroup upped their price objective on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley lowered their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, UBS Group upped their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.33.

About BOX

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.