BOX (NYSE:BOX) CFO Sells $442,000.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the sale, the chief financial officer owned 1,364,049 shares in the company, valued at approximately $35,465,274. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Trading Down 0.4%

BOX opened at $25.39 on Friday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $36.40. The stock’s fifty day simple moving average is $24.87 and its 200 day simple moving average is $26.08. The stock has a market cap of $3.51 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating 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 business had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities analysts forecast that Box, Inc. will post 0.31 earnings per share for the current year.

BOX announced that its board has authorized a share repurchase plan on Thursday, March 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on BOX. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group increased their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Finally, Citigroup increased their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BOX. First Horizon Corp increased its position in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX during the 4th quarter worth $26,000. Geneos Wealth Management Inc. bought a new position in BOX during the 1st quarter worth $31,000. Employees Retirement System of Texas bought a new position in BOX during the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC increased its position in BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during the period. Institutional investors own 86.74% of the company’s stock.

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.