BOX (NYSE:BOX) VP Eli Berkovitch Sells 2,700 Shares

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 value of $68,364.00. Following the transaction, the vice president owned 112,979 shares in the company, valued at $2,860,628.28. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction of $159,768.00.
• 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 Trading Down 2.0%

BOX opened at $24.34 on Tuesday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $34.86. The company has a market cap of $3.37 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The company has a fifty day moving average price of $25.03 and a two-hundred day moving average price of $25.85.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. 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 forecast that Box, Inc. will post 0.31 EPS for the current fiscal year.

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

Institutional Trading of BOX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Corp lifted its holdings in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BOX during the fourth quarter worth $26,000. Geneos Wealth Management Inc. bought a new stake in BOX during the first quarter worth $31,000. Employees Retirement System of Texas purchased a new stake in BOX in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC raised its position in BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on BOX. Morgan Stanley decreased their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup lifted their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. UBS Group boosted their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.