Insider Selling: BOX (NYSE:BOX) CFO Sells $420,240.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total value of $420,240.00. Following the completion of the transaction, the chief financial officer owned 1,294,195 shares in the company, valued at $31,992,500.40. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Stock Up 0.7%

NYSE BOX opened at $24.88 on Friday. Box, Inc. has a twelve month low of $21.61 and a twelve month high of $38.80. The business has a 50-day moving average price of $25.35 and a 200-day moving average price of $29.42. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 1.22 and a beta of 0.80.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.16. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The company had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. During the same quarter last year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BOX. UBS Group dropped their price objective on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Citigroup cut their price target on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Finally, Wall Street Zen upgraded shares of BOX from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BOX has a consensus rating of “Hold” and an average price target of $35.57.

Institutional Investors Weigh In On BOX

Large investors have recently added to or reduced their stakes in the stock. First Horizon Corp lifted its stake in shares of BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BOX during the 4th quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new stake in BOX during the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. bought a new stake in BOX in the first quarter worth $31,000. Finally, Employees Retirement System of Texas purchased a new position in BOX during the third quarter worth $35,000. 86.74% of the stock is owned by institutional investors.

BOX Company Profile

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.