BOX (NYSE:BOX) CEO Aaron Levie Sells 15,000 Shares

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 2,859,673 shares in the company, valued at approximately $97,915,203.52. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Aaron Levie also recently made the following trade(s):

• On Monday, June 22nd, Aaron Levie sold 15,000 shares of BOX stock. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00.

BOX Price Performance

Shares of BOX stock traded down $0.40 on Friday, hitting $33.72. 1,713,930 shares of the stock traded hands, compared to its average volume of 2,646,494. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 11.48 and a beta of 0.73. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.34. The firm has a 50 day simple moving average of $32.01 and a two-hundred day simple moving average of $27.33.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Sell-side analysts forecast that Box, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BOX. UBS Group lifted their target price on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Bank of America reissued a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Finally, Citigroup upped their target price on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.80.

Hedge Funds Weigh In On BOX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in BOX by 9.0% during 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 buying an additional 407,733 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of BOX by 2,484.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after acquiring an additional 4,314,381 shares during the last quarter. RGM Capital LLC grew its holdings in shares of BOX by 8.2% in the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after purchasing an additional 251,520 shares in the last quarter. Sei Investments Co. grew its holdings in shares of BOX by 2.9% in the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after purchasing an additional 94,289 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in BOX by 823,134.5% in 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 purchasing an additional 3,053,829 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

About BOX

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.