BOX Target of Unusually Large Options Trading (NYSE:BOX)

Box, Inc. (NYSE:BOX) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 2,275 call options on the stock. This is an increase of 105% compared to the average daily volume of 1,111 call options.

BOX Stock Performance

NYSE:BOX opened at $25.26 on Friday. BOX has a one year low of $21.34 and a one year high of $38.80. The stock has a market cap of $3.50 billion, a PE ratio of 38.85, a P/E/G ratio of 1.27 and a beta of 0.71. The stock has a 50 day moving average price of $24.24 and a 200 day moving average price of $26.36.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping 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 company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, analysts predict that BOX will post 0.34 earnings per share for the current fiscal year.

BOX declared that its board has authorized a stock repurchase 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 purchase up to 14.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at BOX

In related news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total transaction of $370,800.00. Following the sale, the chief executive officer directly owned 2,907,030 shares of the company’s stock, valued at approximately $71,861,781.60. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 23,720 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $24.96, for a total transaction of $592,051.20. Following the sale, the chief financial officer owned 1,381,049 shares in the company, valued at approximately $34,470,983.04. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 137,086 shares of company stock worth $3,345,852. Insiders own 3.99% of the company’s stock.

Institutional Trading of BOX

Several institutional investors have recently made changes to their positions in BOX. First Horizon Corp grew its position in BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BOX in the fourth quarter valued at $26,000. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at $31,000. Employees Retirement System of Texas acquired a new position in shares of BOX in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of 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 purchasing an additional 1,138 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages 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. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday. Citigroup boosted their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Finally, Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.