BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares of Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total transaction of $442,000.00. Following the sale, the chief financial officer directly owned 1,364,049 shares in the company, valued at $35,465,274. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Price Performance

Shares of NYSE BOX opened at $26.46 on Thursday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 1.50 and a beta of 0.74. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $36.46. The firm’s 50 day simple moving average is $24.80 and its 200-day simple moving average is $26.12.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX announced that its board has initiated a share repurchase plan on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 14.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of BOX by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after acquiring an additional 497,658 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of BOX by 9.0% during the 1st 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 during the period. RGM Capital LLC raised its holdings in shares of BOX by 8.2% during the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after acquiring an additional 251,520 shares during the period. Sei Investments Co. raised its holdings in shares of BOX by 2.9% during the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after acquiring an additional 94,289 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of BOX by 823,134.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after acquiring an additional 3,053,829 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. UBS Group lifted their target price 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. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.