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 that occurred on Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the transaction, the chief financial officer owned 1,364,049 shares of the company’s stock, valued at approximately $35,465,274. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BOX Stock Performance

Shares of BOX traded down $0.08 on Wednesday, reaching $26.46. The stock had a trading volume of 1,569,121 shares, compared to its average volume of 2,495,572. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The company has a 50-day simple moving average of $24.80 and a 200-day simple moving average of $26.12. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $36.46.

BOX (NYSE:BOX) last released its 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. The company had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX declared that its Board of Directors has initiated a share buyback plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Horizon Corp raised its stake in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BOX in the fourth quarter worth $26,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX in the first quarter worth $31,000. Employees Retirement System of Texas purchased a new position in shares of BOX in the third quarter worth $35,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after purchasing an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BOX. 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. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Citigroup lifted their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, UBS Group lifted their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BOX presently has a consensus rating of “Hold” and an average target price of $35.33.

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.