BOX (NYSE:BOX) VP Sells $138,561.50 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 3,850 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the sale, the vice president directly owned 105,404 shares of the company’s stock, valued at $3,793,489.96. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, July 8th, Eli Berkovitch sold 1,800 shares of BOX stock. The stock was sold at an average price of $28.95, for a total transaction of $52,110.00.
• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The stock was sold at an average price of $25.32, for a total value of $68,364.00.

BOX Stock Up 3.8%

Shares of BOX stock opened at $35.92 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 52.06, a P/E/G ratio of 11.52 and a beta of 0.73. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.34. The business has a 50-day moving average price of $31.25 and a 200 day moving average price of $26.91.

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 the consensus estimate 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%.BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BOX shares. Citigroup lifted their price objective on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of BOX from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. DA Davidson lifted their price target on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.80.

Institutional Investors Weigh In On BOX

Several large investors have recently added to or reduced their stakes in BOX. Corient Private Wealth LP lifted its stake in BOX by 34.9% in the second quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker’s stock valued at $580,000 after buying an additional 5,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of BOX during the second quarter worth about $239,000. California State Teachers Retirement System increased its holdings in shares of BOX by 2,484.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock worth $119,113,000 after acquiring an additional 4,314,381 shares during the period. Paralel Advisors LLC increased its holdings in shares of BOX by 12.7% in the 2nd quarter. Paralel Advisors LLC now owns 97,711 shares of the software maker’s stock worth $2,593,000 after acquiring an additional 11,024 shares during the period. Finally, Odyssean LLC lifted its position in BOX by 104.1% in the 2nd quarter. Odyssean LLC now owns 117,086 shares of the software maker’s stock valued at $3,107,000 after purchasing an additional 59,719 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

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.