BOX (NYSE:BOX) VP Eli Berkovitch Sells 3,850 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 3,850 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the transaction, the vice president owned 105,404 shares in the company, valued at approximately $3,793,489.96. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, July 8th, Eli Berkovitch sold 1,800 shares of BOX stock. The shares were sold at an average price of $28.95, for a total transaction of $52,110.00.
• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The shares were sold at an average price of $25.32, for a total value of $68,364.00.

BOX Trading Down 2.0%

Shares of BOX stock opened at $35.06 on Wednesday. The stock has a fifty day simple moving average of $30.84 and a 200 day simple moving average of $26.74. The company has a market capitalization of $4.85 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 11.91 and a beta of 0.73. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $36.34.

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. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. 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, analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On BOX

Several institutional investors have recently added to or reduced their stakes in BOX. Arrowstreet Capital Limited Partnership grew its position in shares of BOX by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after buying an additional 407,733 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of BOX by 2,484.3% during the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after purchasing an additional 4,314,381 shares during the last quarter. RGM Capital LLC raised its stake in BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after buying an additional 251,520 shares during the last quarter. Sei Investments Co. raised its position in shares of BOX by 2.9% in the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after purchasing an additional 94,289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of a number of recent research reports. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. DA Davidson lifted their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Citigroup increased their price target on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Finally, UBS Group lifted their target price on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BOX currently has an average rating of “Hold” and an average price target of $37.80.

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.