Aaron Levie Sells 15,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer directly owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BOX Stock Down 2.1%

Shares of NYSE BOX opened at $24.94 on Friday. The company has a market capitalization of $3.45 billion, a PE ratio of 38.37, a PEG ratio of 1.44 and a beta of 0.74. The stock’s 50 day moving average price is $25.22 and its 200-day moving average price is $25.71. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $34.39.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $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. As a group, research analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOX. First Horizon Corp raised its stake in BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX during the fourth quarter worth about $26,000. Geneos Wealth Management Inc. bought a new position in BOX during the first quarter worth about $31,000. Employees Retirement System of Texas purchased a new position in shares of BOX in the third quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOX. UBS Group increased their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of BOX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Morgan Stanley dropped their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. William Blair reissued a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Finally, Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, BOX has a consensus 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.