Y Intercept Hong Kong Ltd Has $2.57 Million Holdings in Box, Inc. $BOX

Y Intercept Hong Kong Ltd boosted its stake in Box, Inc. (NYSE:BOX) by 367.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 108,698 shares of the software maker’s stock after buying an additional 85,453 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BOX were worth $2,570,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. First Horizon Corp lifted its holdings in shares of BOX by 148.1% during the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the 4th quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth about $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX during the 3rd quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in 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 valued at $39,000 after purchasing an additional 1,138 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 12,470 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.17, for a total value of $313,869.90. Following the transaction, the chief operating officer owned 558,739 shares in the company, valued at $14,063,460.63. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the sale, the chief executive officer owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,940 shares of company stock valued at $2,487,326 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BOX has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. UBS Group lifted their target price on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup boosted their target price on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded BOX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.33.

BOX Trading Up 1.7%

BOX opened at $28.84 on Wednesday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $33.88. The stock has a market capitalization of $3.99 billion, a PE ratio of 44.37, a PEG ratio of 1.60 and a beta of 0.74. The firm has a 50-day moving average price of $25.78 and a two-hundred day moving average price of $25.55.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping 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. BOX’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. 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, research analysts predict that Box, Inc. will post 0.31 EPS for the current year.

BOX announced that its board has authorized a share buyback program on Thursday, March 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 14.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

BOX 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.