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

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the sale, the chief executive officer owned 2,859,673 shares of the company’s stock, valued at $97,915,203.52. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Aaron Levie also recently made the following trade(s):

• On Monday, June 22nd, Aaron Levie sold 15,000 shares of BOX stock. The stock was sold at an average price of $24.32, for a total value of $364,800.00.

BOX Stock Down 1.2%

Shares of BOX stock opened at $33.72 on Friday. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $36.34. The firm has a market capitalization of $4.63 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 11.36 and a beta of 0.73. The stock’s fifty day moving average is $32.13 and its 200-day moving average is $27.37.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.BOX’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Analysts expect that Box, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BOX shares. Morgan Stanley lifted their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Wall Street Zen downgraded shares of BOX from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Bank of America reaffirmed a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Finally, DA Davidson boosted their target price on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BOX currently has an average rating of “Hold” and an average price target of $37.80.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of BOX in the 2nd quarter valued at about $56,000. Nykredit A S acquired a new stake in shares of BOX during the second quarter worth approximately $146,000. Corient Private Wealth LP grew its position in BOX by 34.9% during the second quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock valued at $580,000 after purchasing an additional 5,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in BOX during the second quarter valued at approximately $239,000. Finally, California State Teachers Retirement System increased its stake in BOX by 2,484.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after buying an additional 4,314,381 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.