Insider Selling: BOX (NYSE:BOX) VP Sells $68,364.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 2,700 shares of BOX stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $25.32, for a total value of $68,364.00. Following the transaction, the vice president directly owned 112,979 shares in the company, valued at approximately $2,860,628.28. The trade was a 2.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eli Berkovitch also recently made the following trade(s):

• On Thursday, May 28th, Eli Berkovitch sold 6,300 shares of BOX stock. The shares were sold at an average price of $25.36, for a total value of $159,768.00.
• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The stock was sold at an average price of $23.85, for a total transaction of $584,325.00.

BOX Price Performance

Shares of NYSE BOX traded down $0.50 during trading on Monday, hitting $24.34. The stock had a trading volume of 2,601,828 shares, compared to its average volume of 2,499,178. The firm has a fifty day moving average of $25.03 and a two-hundred day moving average of $25.85. The company has a market capitalization of $3.37 billion, a PE ratio of 37.45, a PEG ratio of 1.40 and a beta of 0.74. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $34.86.

BOX (NYSE:BOX) last released 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 net margin of 10.35% and a negative return on equity of 24.19%. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue 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. On average, equities analysts expect that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX announced that its board has approved a stock buyback plan on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of BOX

Several hedge funds have recently added to or reduced their stakes in BOX. Woodline Partners LP grew its position in shares of BOX by 16.4% during the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after acquiring an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in BOX by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock valued at $14,746,000 after purchasing an additional 32,726 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in BOX during the first quarter valued at $31,000. Sivia Capital Partners LLC bought a new position in BOX during the second quarter valued at $484,000. Finally, Invesco Ltd. increased its position in BOX by 101.1% in the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after buying an additional 573,817 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BOX shares. William Blair restated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Weiss Ratings raised BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. UBS Group boosted their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Citigroup upped their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.33.

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.