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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total value of $442,000.00. Following the sale, the chief financial officer directly owned 1,364,049 shares of the company’s stock, valued at $35,465,274. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

BOX Stock Performance

Shares of BOX stock opened at $25.54 on Friday. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $36.40. The firm has a market capitalization of $3.54 billion, a P/E ratio of 39.29, a P/E/G ratio of 1.49 and a beta of 0.74. The stock has a 50 day moving average price of $24.84 and a 200 day moving average price of $26.08.

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

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BOX shares. Citigroup raised their price target on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings raised BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered their target price on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, William Blair reissued a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.33.

Institutional Investors Weigh In On BOX

A number of hedge funds have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC lifted its stake in shares of BOX by 1.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after purchasing an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after purchasing an additional 405 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of BOX by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after purchasing an additional 449 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of BOX by 1.2% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock worth $1,329,000 after purchasing an additional 469 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of BOX by 22.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after purchasing an additional 490 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.