Key Points
- Insider sale: CFO Dylan Smith sold 17,000 BOX shares at an average price of $36.56, totaling $621,520. He continues to own approximately 1.29 million shares.
- Stock and business performance: BOX shares opened at $37.48, near their 52-week high of $37.59. Quarterly revenue rose 9.2% year over year to $321.15 million, while EPS of $0.40 matched analyst expectations.
- Investor and analyst sentiment: Institutional investors own 86.74% of BOX, with several major holders increasing their positions. Analysts have a consensus “Hold” rating and an average price target of $37.80, though some firms maintain buy ratings with targets as high as $50.
Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 17,000 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $36.56, for a total value of $621,520.00. Following the completion of the transaction, the chief financial officer owned 1,293,100 shares of the company's stock, valued at approximately $47,275,736. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
BOX Stock Up 2.1%
Shares of NYSE:BOX opened at $37.48 on Wednesday. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $37.59. The company has a 50 day moving average of $33.99 and a two-hundred day moving average of $28.95. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 11.96 and a beta of 0.72.
BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same quarter last year, the firm posted $0.33 earnings per share. The business's quarterly revenue was up 9.2% on a year-over-year basis. 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 earnings per share for the current year.
Institutional Investors Weigh In On BOX
Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BOX by 15.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock valued at $134,932,000 after acquiring an additional 604,946 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of BOX by 5,002.2% during the second quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker's stock valued at $13,693,000 after acquiring an additional 505,820 shares during the period. Pacer Advisors Inc. increased its stake in shares of BOX by 13,002.6% during the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker's stock valued at $11,876,000 after acquiring an additional 498,521 shares during the period. Janus Henderson Group PLC raised its holdings in BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock worth $27,141,000 after purchasing an additional 491,505 shares in the last quarter. Finally, Emmett Investment Management LP raised its holdings in BOX by 84.4% during the first quarter. Emmett Investment Management LP now owns 313,400 shares of the software maker's stock worth $7,418,000 after purchasing an additional 143,450 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
BOX has been the topic of several analyst reports. UBS Group lifted their price target on shares of BOX from $29.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 26th. Citigroup boosted their price objective on shares of BOX from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Bank of America reissued a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Weiss Ratings upgraded BOX from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BOX currently has an average rating of "Hold" and a consensus price target of $37.80.
Get Our Latest Stock Analysis on BOX
About BOX
(
Get Free Report)
Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.
The company's services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.
Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.
Further Reading
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