BOX (NYSE:BOX) CEO Aaron Levie Sells 15,000 Shares

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total transaction of $370,800.00. Following the completion of the sale, the chief executive officer owned 2,907,030 shares in the company, valued at approximately $71,861,781.60. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BOX Trading Down 0.0%

NYSE BOX traded down $0.01 during trading hours on Thursday, reaching $24.66. The company had a trading volume of 3,634,558 shares, compared to its average volume of 2,623,845. The stock has a market capitalization of $3.53 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80. The stock has a 50-day moving average of $25.42 and a 200 day moving average of $29.48. Box, Inc. has a 1-year low of $21.61 and a 1-year high of $38.80.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The business had revenue of $305.88 million during the quarter, compared to analysts’ expectations of $305.64 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Box, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, December 3rd. Citigroup dropped their price objective on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Morgan Stanley cut their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group lowered their target price on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd grew its stake in BOX by 283.2% during the 4th quarter. XTX Topco Ltd now owns 99,652 shares of the software maker’s stock worth $2,981,000 after purchasing an additional 73,645 shares in the last quarter. Voloridge Investment Management LLC raised its position in BOX by 76.2% in the 4th quarter. Voloridge Investment Management LLC now owns 681,785 shares of the software maker’s stock valued at $20,392,000 after purchasing an additional 294,954 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX in the 4th quarter valued at about $60,000. Tudor Investment Corp ET AL grew its position in shares of BOX by 294.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 449,973 shares of the software maker’s stock worth $13,459,000 after buying an additional 336,023 shares in the last quarter. Finally, Numerai GP LLC increased its stake in shares of BOX by 152.4% during the fourth quarter. Numerai GP LLC now owns 46,524 shares of the software maker’s stock worth $1,392,000 after buying an additional 28,091 shares during the period. 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.