Box, Inc. $BOX Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Box, Inc. (NYSE:BOX) during the third quarter, Holdings Channel reports. The firm purchased 24,601 shares of the software maker’s stock, valued at approximately $824,000.

Several other hedge funds have also recently added to or reduced their stakes in BOX. Principal Financial Group Inc. boosted its holdings in shares of BOX by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock worth $23,898,000 after purchasing an additional 93,516 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after purchasing an additional 491,505 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of BOX by 108.9% during the 1st quarter. Hsbc Holdings PLC now owns 77,371 shares of the software maker’s stock valued at $1,839,000 after purchasing an additional 40,341 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of BOX during the 3rd quarter valued at about $9,444,000. Finally, Triasima Portfolio Management inc. purchased a new position in shares of BOX during the 3rd quarter valued at about $3,284,000. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of a number of recent research reports. DA Davidson boosted their target price on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Bank of America reiterated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. UBS Group lifted their price target on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.80.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 5,293 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $41.58, for a total transaction of $220,082.94. Following the completion of the sale, the chief operating officer directly owned 481,466 shares in the company, valued at $20,019,356.28. This represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $36.56, for a total value of $621,520.00. Following the sale, the chief financial officer owned 1,293,100 shares of the company’s stock, valued at $47,275,736. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,594 shares of company stock worth $2,478,743 in the last 90 days. 3.99% of the stock is currently owned by company insiders.

BOX Stock Down 0.0%

BOX stock opened at $41.94 on Monday. The firm has a fifty day simple moving average of $37.24 and a two-hundred day simple moving average of $29.17. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $44.88. The company has a market capitalization of $5.75 billion, a PE ratio of 60.78, a P/E/G ratio of 11.03 and a beta of 0.65.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $321.15 million for the quarter, compared to analysts’ expectations of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, equities analysts expect that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices.

The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content.

Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.