BOX Sees Unusually Large Options Volume (NYSE:BOX)

Box, Inc. (NYSE:BOX) was the target of some unusual options trading activity on Wednesday. Investors bought 10,767 call options on the company. This is an increase of 432% compared to the typical daily volume of 2,025 call options.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group cut shares of BOX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup raised their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Weiss Ratings downgraded shares of BOX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.25.

BOX Price Performance

BOX stock traded up $1.92 during trading on Wednesday, reaching $32.09. 3,049,442 shares of the stock traded hands, compared to its average volume of 1,921,746. The firm has a market capitalization of $4.65 billion, a PE ratio of 25.84 and a beta of 0.79. The business’s 50 day moving average price is $31.78 and its 200-day moving average price is $32.75. BOX has a 52-week low of $28.00 and a 52-week high of $38.80.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, December 2nd. The software maker reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The company had revenue of $301.11 million for the quarter, compared to the consensus estimate of $298.93 million. During the same period last year, the business posted $0.45 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.280- EPS and its Q4 2026 guidance at 0.330- EPS. On average, equities research analysts predict that BOX will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 51,000 shares of BOX stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total value of $1,674,330.00. Following the transaction, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the sale, the director directly owned 27,855 shares of the company’s stock, valued at approximately $896,931. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 122,336 shares of company stock worth $3,986,999. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On BOX

Several institutional investors have recently bought and sold shares of BOX. Caitong International Asset Management Co. Ltd raised its stake in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares during the period. Geneos Wealth Management Inc. acquired a new stake in BOX in the 1st quarter valued at $31,000. Salomon & Ludwin LLC purchased a new position in BOX in the third quarter valued at about $32,000. Employees Retirement System of Texas acquired a new position in shares of BOX during the third quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after purchasing an additional 1,138 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.