BOX (NYSE:BOX) CFO Sells $621,520.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $36.56, for a total value of $621,520.00. Following the completion of the sale, the chief financial officer directly owned 1,293,100 shares in the company, valued at approximately $47,275,736. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BOX Stock Up 3.7%

NYSE:BOX opened at $39.49 on Friday. The stock’s fifty day moving average is $34.27 and its two-hundred day moving average is $29.17. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $39.64. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 57.24, a price-to-earnings-growth ratio of 12.41 and a beta of 0.72.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate 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%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, sell-side analysts expect that Box, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC raised its position in BOX by 408.2% in the 3rd quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of BOX in the 2nd quarter valued at about $56,000. Farther Finance Advisors LLC grew its position in shares of BOX by 34.8% during the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after buying an additional 567 shares in the last quarter. Versant Capital Management Inc grew its position in shares of BOX by 12.1% during the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after buying an additional 314 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of BOX during the second quarter worth about $102,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BOX. UBS Group boosted their price target on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Royal Bank Of Canada restated an “underperform” rating and issued a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. DA Davidson lifted their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Finally, Citigroup upped their target price on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.80.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.