BOX (NYSE:BOX) CEO Aaron Levie Sells 15,000 Shares

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the sale, the chief executive officer owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BOX Stock Performance

Shares of BOX stock opened at $25.46 on Thursday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74. The stock has a 50 day moving average price of $25.16 and a 200-day moving average price of $25.75. Box, Inc. has a one year low of $21.34 and a one year 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 the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Sell-side analysts predict that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after acquiring an additional 3,053,829 shares in the last quarter. Norges Bank purchased a new position in BOX during the 4th quarter worth $58,814,000. Qube Research & Technologies Ltd increased its holdings in BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after purchasing an additional 854,953 shares during the period. Cubist Systematic Strategies LLC bought a new stake in BOX during the 2nd quarter valued at $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its position in BOX by 15.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after purchasing an additional 604,946 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BOX has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, May 27th. William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Citigroup upped their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.33.

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.