BOX (NYSE:BOX) VP Sells $52,110.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 1,800 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total value of $52,110.00. Following the completion of the transaction, the vice president owned 109,254 shares of the company’s stock, valued at $3,162,903.30. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 shares were 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 shares were sold at an average price of $25.36, for a total value of $159,768.00.

BOX Stock Performance

Shares of NYSE BOX traded down $0.17 during mid-day trading on Friday, reaching $28.63. 2,360,710 shares of the company’s stock were exchanged, compared to its average volume of 2,536,356. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 1.63 and a beta of 0.74. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88. The company’s 50-day moving average is $25.96 and its 200-day moving average is $25.52.

BOX (NYSE:BOX) last issued 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 net margin of 10.35% and a negative return on equity of 24.19%. The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period in the previous year, the firm earned $0.30 EPS. BOX’s revenue was up 10.7% on a year-over-year basis. 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 analysts predict that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On BOX

Several large investors have recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership raised its position in BOX by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after purchasing an additional 407,733 shares in the last quarter. RGM Capital LLC grew its position in shares of BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after buying an additional 251,520 shares in the last quarter. Sei Investments Co. grew its position in shares of BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after buying an additional 94,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after buying an additional 3,053,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of BOX by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after buying an additional 13,983 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BOX shares. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Citigroup boosted their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, UBS Group lifted their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BOX presently has an average rating of “Hold” and an average target price of $35.33.

BOX Company Profile

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.