Box, Inc. $BOX Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Box, Inc. (NYSE:BOX) by 108.9% during the first quarter, Holdings Channel.com reports. The firm owned 77,371 shares of the software maker’s stock after acquiring an additional 40,341 shares during the period. Hsbc Holdings PLC’s holdings in BOX were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. First Horizon Corp grew its position in BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after buying an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX during the 4th quarter worth about $26,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX during the 1st quarter worth about $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX in the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of 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 acquiring an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,874,673 shares in the company, valued at $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total transaction of $170,837.76. Following the completion of the transaction, the chief operating officer owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. The trade was a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,460 shares of company stock worth $2,806,201 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

BOX Stock Up 0.1%

Shares of NYSE BOX opened at $29.02 on Monday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 10.24 and a beta of 0.74. The stock’s fifty day simple moving average is $27.09 and its 200 day simple moving average is $25.52. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. During the same period in the prior year, the business posted $0.30 earnings per share. BOX’s revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group raised their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Finally, Citigroup raised their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.33.

BOX Company 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.