Renaissance Technologies LLC Sells 330,005 Shares of Box, Inc. $BOX

Renaissance Technologies LLC cut its holdings in Box, Inc. (NYSE:BOX) by 84.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,308 shares of the software maker’s stock after selling 330,005 shares during the period. Renaissance Technologies LLC’s holdings in BOX were worth $1,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its position in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after buying an additional 407,733 shares during the last quarter. Lido Advisors LLC boosted its position in shares of BOX by 26.5% during the first quarter. Lido Advisors LLC now owns 11,963 shares of the software maker’s stock worth $283,000 after acquiring an additional 2,503 shares during the last quarter. State of Wyoming boosted its position in shares of BOX by 526.8% during the first quarter. State of Wyoming now owns 25,644 shares of the software maker’s stock worth $606,000 after acquiring an additional 21,553 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BOX by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,018 shares of the software maker’s stock valued at $331,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in BOX by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after acquiring an additional 13,983 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $29.05, for a total transaction of $493,850.00. Following the completion of the transaction, the chief financial officer owned 1,337,075 shares in the company, valued at $38,842,028.75. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the transaction, the chief executive officer directly owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 77,996 shares of company stock worth $2,116,005 in the last ninety days. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on BOX shares. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, May 27th. UBS Group lifted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Citigroup increased their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.33.

BOX Price Performance

Shares of BOX stock opened at $32.34 on Thursday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $33.88. The stock’s 50 day simple moving average is $28.61 and its two-hundred day simple moving average is $25.91. The company has a market cap of $4.48 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 11.59 and a beta of 0.73.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities research analysts expect that Box, Inc. will post 0.31 EPS for the current year.

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.