Key Points
- Box CEO Aaron Levie sold 15,000 shares at an average price of $34.24, generating $513,600; he retained 2,859,673 shares valued at approximately $97.9 million.
- Box reported quarterly EPS of $0.40, matching estimates, while revenue of $321.15 million exceeded expectations and increased 9.2% year over year.
- Analysts have a consensus “Hold” rating and an average price target of $37.80, while institutional investors and hedge funds own 86.74% of BOX shares.
Box, Inc. (NYSE:BOX - Get Free Report) CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the completion of the transaction, the chief executive officer directly owned 2,859,673 shares in the company, valued at $97,915,203.52. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Aaron Levie also recently made the following trade(s):
- On Monday, June 22nd, Aaron Levie sold 15,000 shares of BOX stock. The shares were sold at an average price of $24.32, for a total value of $364,800.00.
BOX Price Performance
Shares of NYSE BOX opened at $33.72 on Friday. The business's 50-day moving average price is $32.13 and its two-hundred day moving average price is $27.37. Box, Inc. has a one year low of $21.34 and a one year high of $36.34. The company has a market capitalization of $4.63 billion, a P/E ratio of 48.86, a price-to-earnings-growth ratio of 11.36 and a beta of 0.73.
BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities analysts anticipate that Box, Inc. will post 0.32 EPS for the current year.
Analysts Set New Price Targets
Several research firms have commented on BOX. Weiss Ratings raised shares of BOX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 23rd. UBS Group lifted their price objective on shares of BOX from $29.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, August 26th. Bank of America reiterated a "buy" rating on shares of BOX in a report on Wednesday, August 26th. DA Davidson increased their target price on shares of BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada restated an "underperform" rating and set a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.80.
Check Out Our Latest Stock Report on BOX
Institutional Trading of BOX
A number of institutional investors and hedge funds have recently modified their holdings of BOX. California State Teachers Retirement System increased its stake in shares of BOX by 2,484.3% in the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker's stock worth $119,113,000 after purchasing an additional 4,314,381 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of BOX by 823,134.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker's stock worth $91,351,000 after purchasing an additional 3,053,829 shares during the last quarter. Norges Bank bought a new stake in BOX during the 4th quarter valued at approximately $58,814,000. Qube Research & Technologies Ltd boosted its stake in BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock valued at $41,354,000 after purchasing an additional 854,953 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in BOX in the 2nd quarter valued at approximately $22,626,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.
BOX Company Profile
(
Get Free Report)
Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.
The company's primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
