BOX (NYSE:BOX) VP Eli Berkovitch Sells 6,300 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 6,300 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $25.36, for a total value of $159,768.00. Following the completion of the transaction, the vice president owned 115,679 shares of the company’s stock, valued at $2,933,619.44. This trade represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The shares were sold at an average price of $23.85, for a total value of $584,325.00.

BOX Price Performance

Shares of NYSE:BOX opened at $26.97 on Friday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $38.80. The business has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $26.37. The company has a market capitalization of $3.73 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.71.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating 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 analysts’ expectations of $304.39 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. 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 anticipate that Box, Inc. will post 0.34 earnings per share for the current year.

BOX declared that its Board of Directors has approved a share repurchase 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 reacquire up to 14.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on BOX shares. Weiss Ratings raised BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. UBS Group upped their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BOX has an average rating of “Hold” and a consensus price target of $35.33.

Hedge Funds Weigh In On BOX

A number of institutional investors have recently added to or reduced their stakes in BOX. Northwestern Mutual Wealth Management Co. increased its stake in 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 acquiring an additional 3,053,829 shares during the last quarter. Norges Bank bought a new position in BOX in the 4th quarter worth about $58,814,000. Qube Research & Technologies Ltd increased its stake in BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after acquiring an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in BOX in the 2nd quarter worth about $22,626,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after acquiring 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.