Aaron Levie Sells 15,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the sale, the chief executive officer directly owned 2,859,673 shares of the company’s stock, valued at $97,915,203.52. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aaron Levie also recently made the following trade(s):

• On Monday, June 22nd, Aaron Levie sold 15,000 shares of BOX stock. The shares were sold at an average price of $24.32, for a total value of $364,800.00.

BOX Stock Down 1.2%

BOX opened at $33.72 on Friday. The business’s fifty day simple moving average is $32.13 and its 200 day simple moving average is $27.37. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.34. The stock has a market cap of $4.63 billion, a PE ratio of 48.86, a P/E/G ratio of 11.24 and a beta of 0.73.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. 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.

Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. DA Davidson upped their target price on BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of BOX from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Bank of America restated a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Finally, Morgan Stanley upped 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. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BOX presently has an average rating of “Hold” and an average price target of $37.80.

Institutional Investors Weigh In On BOX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in BOX during the 1st quarter valued at about $31,000. Employees Retirement System of Texas purchased a new position in BOX in the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC increased its stake in BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after purchasing an additional 1,138 shares during the period. Integrated Wealth Concepts LLC bought a new stake in BOX in the second quarter valued at approximately $56,000. Finally, Hantz Financial Services Inc. lifted its position in BOX by 337.7% in the fourth quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock valued at $60,000 after purchasing an additional 1,557 shares during the last quarter. 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.