BOX (NYSE:BOX) Director Dana Evan Sells 6,158 Shares

Box, Inc. (NYSE:BOX) Director Dana Evan sold 6,158 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the transaction, the director owned 115,739 shares in the company, valued at $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BOX Stock Down 0.4%

NYSE:BOX opened at $34.66 on Thursday. The company has a fifty day moving average of $32.49 and a 200-day moving average of $27.66. The firm has a market capitalization of $4.76 billion, a P/E ratio of 50.23, a P/E/G ratio of 11.34 and a beta of 0.73. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $36.34.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The business had revenue of $321.15 million for the quarter, compared to analyst estimates of $319.33 million. During the same period in the prior year, the firm earned $0.33 earnings per share. BOX’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 anticipate that Box, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On BOX

Institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of BOX by 337.7% during the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock worth $60,000 after buying an additional 1,557 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of BOX during the second quarter valued at approximately $56,000. Global Retirement Partners LLC increased its position in shares of BOX by 624.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,202 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,898 shares during the last quarter. Globeflex Capital L P bought a new stake in BOX during the second quarter worth $102,000. Finally, KBC Group NV lifted its holdings in BOX by 43.9% during the first quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after acquiring an additional 1,485 shares during the period. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. DA Davidson upped their target price on shares of BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Morgan Stanley raised their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Citigroup lifted their price target on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Finally, UBS Group boosted their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.80.

About BOX

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.