Insider Selling: BOX (NYSE:BOX) CFO Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $34.52, for a total transaction of $586,840.00. Following the completion of the sale, the chief financial officer owned 1,320,075 shares in the company, valued at approximately $45,568,989. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BOX Stock Performance

Shares of BOX stock traded down $0.40 on Friday, reaching $33.72. 1,713,930 shares of the company were exchanged, compared to its average volume of 2,646,494. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $36.34. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 48.86, a P/E/G ratio of 11.48 and a beta of 0.73. The business has a 50-day moving average price of $32.01 and a 200 day moving average price of $27.33.

BOX (NYSE:BOX) last announced 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 for the quarter, compared to analyst estimates of $319.33 million. During the same quarter last year, the firm posted $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. As a group, equities analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

BOX has been the topic of several analyst reports. Morgan Stanley lifted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. UBS Group increased their price objective on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. DA Davidson increased their price target on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $26.00 target price on shares of BOX in a research report on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after acquiring an additional 405 shares during the period. ProShare Advisors LLC raised its stake in shares of BOX by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after purchasing an additional 449 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BOX by 22.9% during the second quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after purchasing an additional 490 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of BOX by 2.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,318 shares of the software maker’s stock worth $638,000 after purchasing an additional 500 shares during the period. Finally, Raymond James Financial Inc. grew its position in BOX by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 37,237 shares of the software maker’s stock valued at $1,272,000 after buying an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company’s primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.