Eli Berkovitch Sells 1,800 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 1,800 shares of BOX stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the sale, the vice president owned 109,254 shares of the company’s stock, valued at $3,162,903.30. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The stock was sold at an average price of $25.32, for a total value of $68,364.00.
• 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 value of $159,768.00.

BOX Stock Performance

Shares of BOX traded down $0.17 during midday trading on Friday, hitting $28.63. 2,360,710 shares of the stock were exchanged, compared to its average volume of 2,090,421. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88. The stock has a fifty day simple moving average of $26.04 and a 200 day simple moving average of $25.55. The firm has a market cap of $3.96 billion, a P/E ratio of 44.05, a P/E/G ratio of 1.62 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings data 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 negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. 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, equities research analysts forecast that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX announced that its Board of Directors has initiated a stock buyback program on Thursday, March 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 14.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC raised its position 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 worth $816,000 after purchasing an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in BOX by 8.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after buying an additional 405 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of BOX by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after acquiring an additional 449 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of BOX by 22.9% in the second quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after acquiring an additional 490 shares during the last quarter. Finally, First Horizon Corp boosted its stake in shares of BOX by 148.1% during the fourth 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 last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.