BOX (NYSE:BOX) VP Eli Berkovitch Sells 3,850 Shares of Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 3,850 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the completion of the sale, the vice president directly owned 105,404 shares in the company, valued at approximately $3,793,489.96. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, July 8th, Eli Berkovitch sold 1,800 shares of BOX stock. The shares were sold at an average price of $28.95, for a total transaction of $52,110.00.
• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The stock was sold at an average price of $25.32, for a total transaction of $68,364.00.

BOX Stock Down 2.0%

Shares of BOX stock traded down $0.72 during trading hours on Tuesday, hitting $35.06. 4,145,738 shares of the company were exchanged, compared to its average volume of 2,670,393. The firm has a fifty day moving average of $30.64 and a 200 day moving average of $26.66. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $36.34. The firm has a market cap of $4.85 billion, a PE ratio of 50.81, a PEG ratio of 11.65 and a beta of 0.73.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm 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 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. Analysts expect that Box, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On BOX

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of BOX by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock valued at $23,898,000 after acquiring an additional 93,516 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of BOX during the 2nd quarter valued at $484,000. Fort Washington Investment Advisors Inc. OH boosted its position in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after purchasing an additional 43,520 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in BOX during the 4th quarter worth $2,247,000. Finally, Janus Henderson Group PLC increased its holdings in BOX by 74.9% in the 1st 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 in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada restated an “underperform” rating and set a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. Wall Street Zen cut BOX from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Finally, Citigroup raised their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.80.

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.