Legal & General Group Plc Sells 19,977 Shares of Box, Inc. $BOX

Legal & General Group Plc decreased its position in Box, Inc. (NYSE:BOX) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,376 shares of the software maker’s stock after selling 19,977 shares during the quarter. Legal & General Group Plc owned approximately 0.26% of BOX worth $11,078,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Corp grew its stake in shares of BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the 4th quarter worth $26,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX in the 1st quarter worth $31,000. Employees Retirement System of Texas bought a new stake in shares of BOX in the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOX. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. DA Davidson reiterated a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Morgan Stanley reduced their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, UBS Group raised their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.33.

BOX Stock Performance

NYSE BOX opened at $26.66 on Thursday. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $38.80. The company has a 50-day simple moving average of $24.48 and a 200 day simple moving average of $26.24. The company has a market capitalization of $3.69 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, analysts forecast that Box, Inc. will post 0.34 EPS for the current fiscal year.

BOX declared that its board has authorized a stock repurchase program on Thursday, March 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 12,470 shares of BOX stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $25.17, for a total value of $313,869.90. Following the completion of the transaction, the chief operating officer owned 558,739 shares in the company, valued at $14,063,460.63. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the completion of the transaction, the vice president owned 115,679 shares of the company’s stock, valued at $2,933,619.44. The trade was a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 143,386 shares of company stock valued at $3,505,620 in the last three months. 3.99% of the stock is owned by corporate insiders.

BOX Company Profile

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.