Insider Selling: BOX (NYSE:BOX) Director Sells $215,530.00 in Stock

Box, Inc. (NYSE:BOX) Director Dana Evan sold 6,158 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total value of $215,530.00. Following the sale, the director owned 115,739 shares in the company, valued at approximately $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Stock Down 2.7%

Shares of NYSE BOX opened at $33.72 on Friday. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.34. The business has a 50-day simple moving average of $32.71 and a two-hundred day simple moving average of $27.78. The company has a market cap of $4.63 billion, a P/E ratio of 48.87, a P/E/G ratio of 11.30 and a beta of 0.73.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $319.33 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue 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. Equities research analysts anticipate that Box, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank of America restated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson lifted their price objective on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. UBS Group boosted 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. Morgan Stanley upped their target price 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, Royal Bank Of Canada reiterated an “underperform” rating and set a $26.00 price target on shares of BOX in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.80.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after acquiring an additional 407,733 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after purchasing an additional 13,983 shares in the last quarter. Norges Bank bought a new position in shares of BOX during the 4th quarter valued at $58,814,000. Janus Henderson Group PLC grew its holdings in shares of BOX by 74.9% during 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 during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in BOX by 4.4% in 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. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

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.