Traders Purchase Large Volume of Call Options on BOX (NYSE:BOX)

Box, Inc. (NYSE:BOX) was the target of some unusual options trading on Wednesday. Traders purchased 2,275 call options on the company. This represents an increase of approximately 105% compared to the average daily volume of 1,111 call options.

Insider Buying and Selling at BOX

In related news, COO Olivia Nottebohm sold 12,470 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.17, for a total transaction of $313,869.90. Following the sale, the chief operating officer directly owned 558,739 shares in the company, valued at approximately $14,063,460.63. This trade represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dana L. Evan sold 17,034 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $24.24, for a total value of $412,904.16. Following the transaction, the director directly owned 113,525 shares in the company, valued at $2,751,846. This trade represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 137,086 shares of company stock worth $3,345,852. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Edgestream Partners L.P. increased its holdings in shares of BOX by 7.8% in the 1st quarter. Edgestream Partners L.P. now owns 161,154 shares of the software maker’s stock valued at $3,810,000 after acquiring an additional 11,685 shares during the last quarter. Janus Henderson Group PLC lifted its stake in BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after purchasing an additional 491,505 shares during the last quarter. Smith Group Asset Management LLC boosted its holdings in BOX by 33.4% in the first quarter. Smith Group Asset Management LLC now owns 26,343 shares of the software maker’s stock worth $623,000 after purchasing an additional 6,595 shares during the period. Amundi boosted its holdings in BOX by 10.2% in the first quarter. Amundi now owns 150,941 shares of the software maker’s stock worth $3,568,000 after purchasing an additional 14,003 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in BOX by 59.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,150 shares of the software maker’s stock valued at $145,000 after purchasing an additional 2,292 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

BOX has been the subject of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group reiterated a “neutral” rating and issued a $29.00 price target on shares of BOX in a research note on Wednesday. Weiss Ratings downgraded BOX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Morgan Stanley lowered their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.71.

Key Stories Impacting BOX

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Box beat Q1 profit and revenue estimates, showing steady execution and continued demand for its software platform. Earnings report and transcript
• Positive Sentiment: The company raised guidance, with Q2 EPS outlook at $0.39 versus $0.33 expected and FY2027 EPS guidance at $1.56 versus $1.33 expected, signaling management confidence in growth and margins. Box press release
• Positive Sentiment: Box previously announced a $500 million share repurchase program, which can support the stock by returning capital to shareholders and reducing share count. Benzinga preview
• Neutral Sentiment: Analysts were already looking for a beat, so some of the upside may have been anticipated before the report.
• Negative Sentiment: Despite the beat, the stock may be facing profit-taking because the results were only modestly above estimates and the market is still weighing Box’s slower-growth, maturity profile.

BOX Trading Down 3.3%

NYSE BOX traded down $0.84 during trading hours on Wednesday, reaching $24.78. 1,034,929 shares of the company traded hands, compared to its average volume of 2,536,344. The stock has a market capitalization of $3.43 billion, a PE ratio of 41.90, a PEG ratio of 1.33 and a beta of 0.71. BOX has a 12 month low of $21.34 and a 12 month high of $38.80. The company has a 50 day moving average of $24.21 and a two-hundred day moving average of $26.45.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s revenue 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. On average, equities research analysts anticipate that BOX will post 0.34 earnings per share for the current year.

BOX announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.