BOX (NYSE:BOX) Posts Quarterly Earnings Results

BOX (NYSE:BOX) issued its quarterly earnings results on Tuesday. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16, FiscalAI reports. BOX had a negative return on equity of 20.65% and a net margin of 19.79%.

BOX Trading Up 1.6%

Shares of BOX stock traded up $0.38 on Tuesday, reaching $23.96. The stock had a trading volume of 3,555,527 shares, compared to its average volume of 2,709,472. The business’s 50 day moving average is $26.20 and its two-hundred day moving average is $29.80. BOX has a 1 year low of $21.61 and a 1 year high of $38.80. The company has a market cap of $3.43 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.35 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BOX shares. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BOX presently has an average rating of “Hold” and an average price target of $38.00.

Insider Activity at BOX

In related news, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $29.96, for a total transaction of $154,683.48. Following the sale, the vice president owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total transaction of $120,096.48. Following the completion of the transaction, the chief operating officer directly owned 469,831 shares of the company’s stock, valued at approximately $12,234,399.24. The trade was a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,887 shares of company stock valued at $2,399,707 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BOX

A number of hedge funds and other institutional investors have recently modified their holdings of BOX. Smartleaf Asset Management LLC raised its holdings in shares of BOX by 22.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after buying an additional 490 shares in the last quarter. Maryland State Retirement & Pension System grew its position in BOX by 2.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,318 shares of the software maker’s stock valued at $638,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of BOX by 1.5% during the second quarter. Raymond James Financial Inc. now owns 37,237 shares of the software maker’s stock worth $1,272,000 after acquiring an additional 541 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of BOX by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 75,955 shares of the software maker’s stock worth $2,272,000 after acquiring an additional 552 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of BOX by 6.2% in the 4th quarter. MML Investors Services LLC now owns 9,499 shares of the software maker’s stock worth $284,000 after acquiring an additional 553 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.