Madison Asset Management LLC Sells 26,192 Shares of Box, Inc. $BOX

Madison Asset Management LLC cut its stake in shares of Box, Inc. (NYSE:BOX) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,719 shares of the software maker’s stock after selling 26,192 shares during the period. Madison Asset Management LLC owned about 0.10% of BOX worth $3,232,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Woodline Partners LP grew its position in BOX by 16.4% during the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after acquiring an additional 2,506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 worth $14,746,000 after purchasing an additional 32,726 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in BOX in the first quarter valued at about $31,000. Sivia Capital Partners LLC bought a new position in BOX in the second quarter valued at about $484,000. Finally, Invesco Ltd. boosted its stake in shares of BOX by 101.1% during 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 in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Trading Down 2.7%

NYSE BOX opened at $30.00 on Wednesday. The firm has a market capitalization of $4.15 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.74. The business’s 50-day moving average price is $26.82 and its two-hundred day moving average price is $25.53. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $33.88.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate 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 was up 10.7% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts forecast that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group boosted their price target on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Citigroup lifted their target price on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.33.

Insider Activity

In other BOX news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total transaction of $364,800.00. Following the completion of the transaction, the chief executive officer owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 23,720 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $24.96, for a total transaction of $592,051.20. Following the completion of the transaction, the chief financial officer owned 1,381,049 shares in the company, valued at $34,470,983.04. This trade represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,460 shares of company stock worth $2,806,201 in the last 90 days. 3.99% of the stock is owned by company insiders.

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.