BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $34.52, for a total transaction of $586,840.00. Following the sale, the chief financial officer directly owned 1,320,075 shares of the company’s stock, valued at approximately $45,568,989. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BOX Trading Down 1.2%

Shares of BOX opened at $33.72 on Friday. The firm has a market cap of $4.63 billion, a PE ratio of 48.86, a P/E/G ratio of 11.36 and a beta of 0.73. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $36.34. The stock has a fifty day moving average price of $32.13 and a 200-day moving average price of $27.37.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. BOX’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $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. As a group, research analysts forecast that Box, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BOX shares. Morgan Stanley boosted their price objective on 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 reiterated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson lifted their price target on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Finally, UBS Group upped their price objective on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Three equities research 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.com, BOX currently has an average rating of “Hold” and an average target price of $37.80.

Institutional Investors Weigh In On BOX

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its position in BOX by 10.2% in the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock valued at $23,898,000 after purchasing an additional 93,516 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of BOX during the 2nd quarter worth $484,000. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after purchasing an additional 43,520 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of BOX during the 4th quarter worth about $2,247,000. Finally, Janus Henderson Group PLC increased its position in shares of BOX by 74.9% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.