63,500 Shares in Box, Inc. $BOX Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Box, Inc. (NYSE:BOX) in the first quarter, HoldingsChannel reports. The fund purchased 63,500 shares of the software maker’s stock, valued at approximately $1,501,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Corp grew its stake in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BOX in the fourth quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the first quarter worth about $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX during the third quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC boosted its position in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

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 stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the sale, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 17,034 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $24.24, for a total value of $412,904.16. Following the transaction, the director owned 113,525 shares in the company, valued at $2,751,846. This trade represents a 13.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 148,002 shares of company stock valued at $3,641,684 in the last ninety days. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Morgan Stanley dropped their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. William Blair reiterated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. UBS Group raised their target price on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings cut shares of BOX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.33.

BOX Stock Performance

Shares of BOX stock opened at $27.90 on Friday. The firm has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $25.58. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $33.88. The company has a market cap of $3.86 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities research analysts forecast that Box, Inc. will post 0.31 EPS for the current year.

BOX announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

BOX 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.