BOX (NYSE:BOX) Stock: Insider Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $41.82, for a total value of $710,940.00. Following the sale, the chief financial officer owned 1,276,100 shares in the company, valued at $53,366,502. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

BOX Stock Up 0.1%

BOX stock traded up $0.03 during midday trading on Friday, hitting $43.66. The company’s stock had a trading volume of 1,333,780 shares, compared to its average volume of 2,807,224. The stock’s 50-day moving average price is $38.01 and its 200 day moving average price is $29.58. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $44.88. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 63.27, a PEG ratio of 11.47 and a beta of 0.65.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $321.15 million for the quarter, compared to analysts’ expectations of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities analysts forecast that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in shares of BOX by 408.2% in the third 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 during the period. Danske Bank A S purchased a new stake in shares of BOX during the 3rd quarter valued at approximately $37,000. Integrated Wealth Concepts LLC bought a new position in BOX in the 2nd quarter worth approximately $56,000. Farther Finance Advisors LLC boosted its holdings in BOX by 34.8% in the 3rd 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 during the period. Finally, Allworth Financial LP boosted its holdings in BOX by 53.3% in the 3rd quarter. Allworth Financial LP now owns 2,634 shares of the software maker’s stock worth $88,000 after buying an additional 916 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of BOX from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Morgan Stanley upped their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Bank of America reissued a “buy” rating on shares of BOX in a report on Wednesday, August 26th. UBS Group raised their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings upgraded BOX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, November 9th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BOX presently has a consensus rating of “Hold” and an average price target of $39.80.

BOX Company Profile

Box, Inc. provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices. The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content. Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.