BOX (NYSE:BOX) Director Sells $215,530.00 in Stock

Box, Inc. (NYSE:BOX) Director Dana Evan sold 6,158 shares of BOX stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the transaction, the director owned 115,739 shares in the company, valued at $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Trading Down 0.4%

NYSE:BOX traded down $0.14 during mid-day trading on Wednesday, hitting $34.66. 2,754,433 shares of the company’s stock traded hands, compared to its average volume of 2,646,646. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 50.23, a price-to-earnings-growth ratio of 11.36 and a beta of 0.73. The firm has a 50 day moving average of $32.37 and a two-hundred day moving average of $27.58. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $36.34.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The company had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter 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, equities research analysts expect that Box, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

BOX has been the subject of a number of research reports. UBS Group increased their price target on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Citigroup upped their price objective on shares of BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BOX. Integrated Wealth Concepts LLC acquired a new stake in BOX during the second quarter worth $56,000. Hantz Financial Services Inc. increased its holdings in BOX by 337.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock valued at $60,000 after buying an additional 1,557 shares during the period. Global Retirement Partners LLC raised its stake in shares of BOX by 624.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,202 shares of the software maker’s stock valued at $66,000 after buying an additional 1,898 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of BOX in the 2nd quarter valued at $102,000. Finally, KBC Group NV lifted its holdings in shares of BOX by 43.9% during the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after acquiring an additional 1,485 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About BOX

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.