Renaissance Technologies LLC Sells 330,005 Shares of Box, Inc. $BOX

Renaissance Technologies LLC decreased its position in Box, Inc. (NYSE:BOX) by 84.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,308 shares of the software maker’s stock after selling 330,005 shares during the period. Renaissance Technologies LLC’s holdings in BOX were worth $1,449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOX. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BOX by 823,134.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after acquiring an additional 3,053,829 shares in the last quarter. Norges Bank purchased a new position in BOX during the 4th quarter valued at about $58,814,000. Qube Research & Technologies Ltd increased its position in BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of BOX in the 2nd quarter valued at about $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after purchasing an additional 604,946 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Trading Down 1.5%

NYSE:BOX opened at $32.34 on Thursday. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $33.88. The firm has a fifty day simple moving average of $28.61 and a 200-day simple moving average of $25.91. The company has a market capitalization of $4.48 billion, a P/E ratio of 49.75, a PEG ratio of 11.59 and a beta of 0.73.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities analysts forecast that Box, Inc. will post 0.31 EPS for the current year.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the transaction, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at approximately $38,842,028.75. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total value of $52,110.00. Following the completion of the transaction, the vice president owned 109,254 shares of the company’s stock, valued at approximately $3,162,903.30. The trade was a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,996 shares of company stock worth $2,116,005 in the last 90 days. 3.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup upped their price objective on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, DA Davidson reiterated a “buy” rating and issued a $45.00 target price on shares of BOX in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.33.

About BOX

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.