Key Points
- BOX VP Eli Berkovitch sold 6,300 shares on May 28 at an average price of $25.36, worth about $159,768. After the sale, he still owned 115,679 shares, and this was a 5.16% reduction in his holdings.
- BOX reported better-than-expected quarterly results, posting EPS of $0.37 versus the $0.36 consensus and revenue of $305.94 million, up 10.7% year over year. The company also issued guidance for Q2 FY2027 and FY2027.
- Analysts and investors remain mixed on BOX: the stock has a consensus Hold rating with an average price target of $35.33, while the company has also authorized a $500 million share repurchase program.
Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 6,300 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total value of $159,768.00. Following the completion of the transaction, the vice president owned 115,679 shares in the company, valued at $2,933,619.44. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Eli Berkovitch also recently made the following trade(s):
- 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 value of $584,325.00.
BOX Stock Up 6.8%
Shares of NYSE BOX opened at $26.97 on Friday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 41.49, a P/E/G ratio of 1.29 and a beta of 0.71. The stock's 50-day simple moving average is $24.28 and its two-hundred day simple moving average is $26.37. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $38.80.
BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS 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 negative return on equity of 24.19% and a net margin of 10.35%.The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. 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 anticipate that Box, Inc. will post 0.34 EPS for the current fiscal year.
BOX declared that its Board of Directors has approved a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On BOX
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Corp grew its position in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker's stock worth $25,000 after acquiring an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new position in BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas bought a new position in BOX during the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC grew its position in BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock worth $39,000 after acquiring an additional 1,138 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Weiss Ratings upgraded BOX from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. UBS Group increased their price objective on BOX from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday. Wall Street Zen lowered BOX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. Morgan Stanley reduced their price objective on BOX from $38.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 12th. Finally, DA Davidson reiterated a "buy" rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $35.33.
Check Out Our Latest Report on BOX
BOX Company Profile
(
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.
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