Box, Inc. $BOX Shares Acquired by Divisar Capital Management LLC

Divisar Capital Management LLC raised its position in Box, Inc. (NYSE:BOX) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,743 shares of the software maker’s stock after purchasing an additional 30,000 shares during the period. BOX accounts for 1.4% of Divisar Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Divisar Capital Management LLC owned approximately 0.11% of BOX worth $5,219,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BOX. Mackenzie Financial Corp boosted its holdings in BOX by 15.2% in the second quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after purchasing an additional 73,896 shares in the last quarter. Creative Planning lifted its holdings in shares of BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock valued at $1,341,000 after purchasing an additional 17,950 shares during the last quarter. Neuberger Berman Group LLC grew its stake in BOX by 38.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock worth $32,637,000 after buying an additional 263,619 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of BOX in the third quarter valued at approximately $20,851,000. Finally, Trek Financial LLC acquired a new position in shares of BOX in the 2nd quarter valued at $6,276,000. Hedge funds and other institutional investors 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 company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total value of $370,800.00. Following the completion of the transaction, the chief executive officer owned 2,907,030 shares in the company, valued at $71,861,781.60. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $25.78, for a total transaction of $118,897.36. Following the sale, the chief operating officer owned 465,219 shares in the company, valued at $11,993,345.82. This represents a 0.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 79,836 shares of company stock valued at $2,091,096. 3.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BOX shares. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. UBS Group cut their target price on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Citigroup reduced their target price on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Wall Street Zen raised shares of BOX from a “hold” rating to a “strong-buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BOX has a consensus rating of “Hold” and a consensus price target of $35.57.

BOX Stock Up 0.7%

BOX opened at $24.88 on Monday. The firm has a market cap of $3.56 billion, a P/E ratio of 42.16, a PEG ratio of 1.22 and a beta of 0.80. The business’s fifty day simple moving average is $25.35 and its 200 day simple moving average is $29.40. Box, Inc. has a 52 week low of $21.61 and a 52 week high of $38.80.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The firm had revenue of $305.88 million for the quarter, compared to analyst estimates of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. BOX’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. As a group, equities analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.