Dylan Smith Sells 17,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the sale, the chief financial officer owned 1,337,075 shares in the company, valued at approximately $38,842,028.75. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

BOX Stock Down 0.6%

BOX traded down $0.17 during trading hours on Friday, reaching $28.63. 2,360,710 shares of the company’s stock traded hands, compared to its average volume of 2,090,421. The firm has a 50-day moving average price of $26.04 and a 200 day moving average price of $25.55. The firm has a market capitalization of $3.96 billion, a PE ratio of 44.05, a PEG ratio of 1.62 and a beta of 0.74. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business 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%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company 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. Equities analysts predict that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Capital Fund Management S.A. increased its position in shares of BOX by 19.9% during the third quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock worth $12,201,000 after purchasing an additional 62,630 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in BOX during the 2nd quarter worth $484,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in BOX during the 4th quarter valued at about $2,247,000. First Trust Advisors LP raised its stake in BOX by 6.2% in the third quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock valued at $41,097,000 after buying an additional 74,758 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in BOX by 4.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after acquiring an additional 43,520 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BOX. Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. William Blair reiterated a “market perform” rating on shares of BOX in a report on Monday, March 23rd. UBS Group increased their price target on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BOX presently has an average rating of “Hold” and a consensus 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.