BOX (NYSE:BOX) VP Sells $52,110.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the sale, the vice president directly owned 109,254 shares of the company’s stock, valued at approximately $3,162,903.30. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $68,364.00.
• On Thursday, May 28th, Eli Berkovitch sold 6,300 shares of BOX stock. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00.

BOX Price Performance

Shares of BOX opened at $28.63 on Monday. The company has a 50-day simple moving average of $26.04 and a two-hundred day simple moving average of $25.51. The firm has a market capitalization of $3.96 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 1.62 and a beta of 0.74. Box, Inc. has a one year low of $21.34 and a one year high of $33.88.

BOX (NYSE:BOX) last posted its earnings results 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 firm had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson reissued a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group lifted their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Citigroup boosted their price objective on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, William Blair reaffirmed a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.33.

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 during the last quarter. Norges Bank bought a new stake in BOX during the 4th quarter valued at about $58,814,000. Qube Research & Technologies Ltd increased its stake in BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in BOX in the second quarter worth about $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in BOX by 15.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after buying an additional 604,946 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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.