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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $29.05, for a total value of $493,850.00. Following the sale, the chief financial officer owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

BOX Price Performance

Shares of BOX traded down $0.17 during trading hours on Friday, hitting $28.63. 2,360,710 shares of the company were exchanged, compared to its average volume of 2,536,356. The company has a market capitalization of $3.96 billion, a PE ratio of 44.05, a PEG ratio of 1.63 and a beta of 0.74. The firm has a fifty day simple moving average of $25.96 and a 200-day simple moving average of $25.52. Box, Inc. has a one year low of $21.34 and a one year high of $33.88.

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. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. Sell-side analysts expect that Box, Inc. will post 0.31 EPS for the current year.

BOX declared that its board has authorized a share buyback plan on Thursday, March 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on BOX shares. William Blair restated a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Morgan Stanley decreased their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Citigroup lifted their target price on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Woodline Partners LP lifted its stake in BOX by 16.4% in the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after acquiring an additional 2,506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BOX by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock valued at $14,746,000 after acquiring an additional 32,726 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in BOX during the 1st quarter valued at about $31,000. Sivia Capital Partners LLC purchased a new position in BOX during the 2nd quarter valued at about $484,000. Finally, Invesco Ltd. increased its holdings in shares of BOX by 101.1% in the 2nd quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock valued at $39,009,000 after purchasing an additional 573,817 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.