BOX (NYSE:BOX) CEO Sells 15,000 Shares of Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the sale, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BOX Stock Up 1.9%

Shares of NYSE:BOX traded up $0.48 during mid-day trading on Wednesday, reaching $25.46. 1,940,301 shares of the stock were exchanged, compared to its average volume of 2,429,061. The company has a market cap of $3.52 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.41 and a beta of 0.74. Box, Inc. has a one year low of $21.34 and a one year high of $34.86. The stock’s 50 day simple moving average is $25.16 and its 200-day simple moving average is $25.75.

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

BOX declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 14.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

BOX has been the subject of several recent research reports. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Citigroup lifted their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a research note on Wednesday, May 27th. Finally, UBS Group raised their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.33.

Institutional Investors Weigh In On BOX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of BOX by 13,002.6% in the 1st quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock valued at $11,876,000 after buying an additional 498,521 shares during the last quarter. Edgestream Partners L.P. increased its holdings in BOX by 7.8% during the first quarter. Edgestream Partners L.P. now owns 161,154 shares of the software maker’s stock worth $3,810,000 after buying an additional 11,685 shares during the last quarter. Janus Henderson Group PLC increased 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 buying an additional 491,505 shares during the last quarter. Smith Group Asset Management LLC raised its position in BOX by 33.4% during the first quarter. Smith Group Asset Management LLC now owns 26,343 shares of the software maker’s stock worth $623,000 after acquiring an additional 6,595 shares in the last quarter. Finally, Amundi lifted its stake in BOX by 10.2% in the first quarter. Amundi now owns 150,941 shares of the software maker’s stock valued at $3,568,000 after acquiring an additional 14,003 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

About BOX

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.