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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $36.56, for a total transaction of $621,520.00. Following the completion of the sale, the chief financial officer directly owned 1,293,100 shares in the company, valued at approximately $47,275,736. This trade represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BOX Trading Up 2.1%

Shares of BOX stock traded up $0.77 during mid-day trading on Tuesday, reaching $37.48. The stock had a trading volume of 1,848,113 shares, compared to its average volume of 2,634,170. The stock’s 50-day moving average price is $33.88 and its two-hundred day moving average price is $28.86. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $37.59. The firm has a market capitalization of $5.14 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 11.86 and a beta of 0.72.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities research analysts forecast 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 recent analyst reports. Citigroup upped their price target on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. DA Davidson increased their price objective on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of BOX in a report on Wednesday, August 26th. UBS Group lifted their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised BOX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.80.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BOX. Integrated Wealth Concepts LLC bought a new position in BOX in the 2nd quarter worth $56,000. Farther Finance Advisors LLC lifted its position in shares of BOX by 34.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after purchasing an additional 567 shares during the period. Versant Capital Management Inc boosted its stake in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after purchasing an additional 314 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of BOX during the 2nd quarter valued at about $102,000. Finally, KBC Group NV boosted its stake 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 valued at $115,000 after purchasing an additional 1,485 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.