BOX (NYSE:BOX) Announces Earnings Results

BOX (NYSE:BOX) released its quarterly earnings data on Tuesday. The software maker reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40, FiscalAI reports. The business had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%. BOX updated its Q3 2027 guidance to 0.390-0.390 EPS.

BOX Stock Down 1.5%

Shares of NYSE:BOX traded down $0.51 during trading on Tuesday, hitting $32.96. The stock had a trading volume of 3,195,474 shares, compared to its average volume of 2,587,051. BOX has a 12 month low of $21.34 and a 12 month high of $33.88. The company has a market capitalization of $4.56 billion, a PE ratio of 50.71, a PEG ratio of 11.61 and a beta of 0.73. The firm’s fifty day moving average is $29.69 and its 200 day moving average is $26.31.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the sale, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Olivia Nottebohm sold 5,834 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $32.31, for a total value of $188,496.54. Following the completion of the transaction, the chief operating officer owned 513,382 shares of the company’s stock, valued at approximately $16,587,372.42. This trade represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 77,996 shares of company stock valued at $2,116,005. Company insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in BOX during the 1st quarter valued at about $31,000. Employees Retirement System of Texas purchased a new stake in BOX in the third quarter worth about $35,000. CIBC Private Wealth Group LLC increased its stake in shares of BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the fourth quarter valued at approximately $60,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of BOX by 1,995.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,263 shares of the software maker’s stock valued at $77,000 after purchasing an additional 2,155 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group lifted their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.