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 business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $41.82, for a total value of $710,940.00. Following the completion of the sale, the chief financial officer directly owned 1,276,100 shares in the company, valued at approximately $53,366,502. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BOX Stock Performance

Shares of BOX stock traded up $0.03 during midday trading on Friday, hitting $43.66. The company had a trading volume of 1,333,780 shares, compared to its average volume of 2,807,224. The stock has a market capitalization of $5.99 billion, a P/E ratio of 63.27, a P/E/G ratio of 11.47 and a beta of 0.65. The company has a 50 day moving average of $38.01 and a 200 day moving average of $29.58. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $44.88.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $319.33 million. During the same quarter last year, the company earned $0.33 EPS. The firm’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. Equities research analysts forecast that Box, Inc. will post 0.32 EPS for the current year.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after purchasing an additional 407,733 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after buying an additional 13,983 shares in the last quarter. Janus Henderson Group PLC raised its position in BOX by 74.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after buying an additional 491,505 shares during the last quarter. Voya Investment Management LLC raised its position in BOX by 483.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,064,011 shares of the software maker’s stock worth $35,623,000 after buying an additional 881,609 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in 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 buying an additional 93,516 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BOX shares. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Morgan Stanley raised their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, November 9th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Finally, DA Davidson upped their target price on shares of BOX from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.80.

About BOX

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.