Key Points
- CFO Dylan Smith sold 10,280 shares on April 10 at an average price of $22.09, totaling $227,085.20, trimming his stake by 0.78% to 1,314,971 shares (≈$29.05M).
- The Board authorized a $500 million share repurchase plan — roughly 14.2% of the company — signaling management believes the stock may be undervalued.
- Box beat quarterly expectations with $0.49 EPS versus $0.33 expected and reported revenue of $305.88 million, a 9.4% year-over-year increase.
Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 10,280 shares of the business's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $22.09, for a total value of $227,085.20. Following the completion of the sale, the chief financial officer owned 1,314,971 shares of the company's stock, valued at $29,047,709.39. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
BOX Stock Performance
Shares of NYSE BOX opened at $22.32 on Wednesday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 1.15 and a beta of 0.71. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $28.01. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $38.80.
BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.16. The firm had revenue of $305.88 million during the quarter, compared to analyst estimates of $305.64 million. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.BOX's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Analysts forecast that Box, Inc. will post 0.27 earnings per share for the current year.
BOX announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on BOX shares. DA Davidson reiterated a "buy" rating and issued a $45.00 price target on shares of BOX in a report on Friday, March 20th. Citigroup lowered their price target on BOX from $40.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. UBS Group lowered their price target on BOX from $31.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, March 4th. William Blair reiterated a "market perform" rating on shares of BOX in a report on Monday, March 23rd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of BOX in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.57.
Check Out Our Latest Analysis on BOX
Hedge Funds Weigh In On BOX
A number of large investors have recently bought and sold shares of BOX. First Horizon Corp raised its stake in BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker's stock worth $25,000 after buying an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX in the fourth quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new position in BOX in the first quarter worth approximately $31,000. Salomon & Ludwin LLC bought a new position in BOX in the third quarter worth approximately $32,000. Finally, Employees Retirement System of Texas bought a new position in BOX in the third quarter worth approximately $35,000. Institutional investors own 86.74% of the company's stock.
About BOX
(
Get Free Report)
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.
Further Reading
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