Box, Inc. $BOX Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of Box, Inc. (NYSE:BOX) by 180.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 86,849 shares of the software maker’s stock after purchasing an additional 55,886 shares during the period. Quantinno Capital Management LP’s holdings in BOX were worth $2,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Corp grew its position in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas acquired a new position in shares of BOX during the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC lifted its stake in BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in BOX in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Transactions at BOX

In other BOX news, 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 transaction of $159,768.00. Following the completion of the sale, the vice president directly 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 SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 77,996 shares of company stock valued at $2,116,005. Corporate insiders own 3.99% of the company’s stock.

BOX Stock Performance

BOX stock opened at $33.66 on Tuesday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $33.88. The firm has a 50 day moving average price of $28.40 and a 200 day moving average price of $25.83. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 11.73 and a beta of 0.73.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Sell-side analysts predict that Box, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BOX. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, May 27th. Citigroup increased their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group lifted their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.33.

BOX 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.