BOX (NYSE:BOX) Stock: Insider Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction on Friday, October 9th. The shares were sold at an average price of $36.56, for a total value of $621,520.00. Following the completion of the transaction, the chief financial officer owned 1,293,100 shares in the company, valued at $47,275,736. The trade was a 1.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BOX Stock Up 1.3%

Shares of BOX stock opened at $38.01 on Thursday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 12.23 and a beta of 0.72. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $38.57. The firm’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $29.05.

BOX (NYSE:BOX) last released its quarterly earnings data 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 net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the firm earned $0.33 earnings per share. BOX’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. On average, equities analysts forecast that Box, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BOX shares. Wall Street Zen lowered BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Weiss Ratings raised BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. UBS Group upped their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $26.00 target price on shares of BOX in a research note on Wednesday, August 26th. Finally, DA Davidson increased their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BOX currently has an average rating of “Hold” and a consensus price target of $37.80.

Institutional Trading of BOX

A number of hedge funds have recently made changes to their positions in BOX. Arrowstreet Capital Limited Partnership increased its position in shares of BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after acquiring an additional 604,946 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BOX by 5,002.2% in the second quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker’s stock worth $13,693,000 after acquiring an additional 505,820 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in BOX by 13,002.6% in the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock valued at $11,876,000 after purchasing an additional 498,521 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in BOX by 74.9% in the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after purchasing an additional 491,505 shares during the last quarter. Finally, Emmett Investment Management LP boosted its holdings in BOX by 84.4% in the first quarter. Emmett Investment Management LP now owns 313,400 shares of the software maker’s stock valued at $7,418,000 after purchasing an additional 143,450 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.