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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.52, for a total value of $586,840.00. Following the sale, the chief financial officer directly owned 1,320,075 shares in the company, valued at $45,568,989. This trade represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

BOX Stock Down 1.2%

BOX stock opened at $33.72 on Friday. The business has a 50 day moving average price of $32.13 and a 200 day moving average price of $27.37. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 11.24 and a beta of 0.73. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.34.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company 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 posted $0.33 earnings per share. The firm’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. As a group, sell-side analysts anticipate that Box, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BOX. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Morgan Stanley raised their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Citigroup raised their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. DA Davidson lifted their target price on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Three equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.80.

Institutional Trading of BOX

Large investors have recently bought and sold shares of the business. Woodline Partners LP raised its holdings in shares of BOX by 16.4% in the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after buying an additional 2,506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BOX by 7.4% in 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 buying an additional 32,726 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of BOX during the 1st quarter worth $31,000. Sivia Capital Partners LLC acquired a new stake in shares of BOX in the second quarter valued at about $484,000. Finally, Invesco Ltd. lifted its stake in shares of BOX by 101.1% in the second 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. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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.