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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction on Friday, July 10th. The shares were sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the sale, the chief financial officer owned 1,337,075 shares in the company, valued at $38,842,028.75. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BOX Stock Performance

Shares of BOX stock traded down $0.17 during trading hours on Friday, hitting $28.63. The company’s stock had a trading volume of 2,360,710 shares, compared to its average volume of 2,090,421. The firm has a fifty day moving average of $26.04 and a 200-day moving average of $25.55. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 44.05, a P/E/G ratio of 1.62 and a beta of 0.74. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $33.88.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. 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, sell-side analysts expect that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX declared that its board has approved a share repurchase program on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 14.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. First Horizon Corp grew its stake in shares of BOX by 148.1% during 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BOX during the 4th quarter worth about $26,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX in the 1st quarter valued at about $31,000. Employees Retirement System of Texas purchased a new position in shares of BOX in the 3rd quarter valued at about $35,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, May 27th. UBS Group increased their price target on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.33.

About BOX

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.