BOX (NYSE:BOX) VP Eli Berkovitch Sells 6,300 Shares

Key Points

• BOX VP Eli Berkovitch sold 6,300 shares on May 28 at an average price of $25.36, totaling about $159,768. After the sale, he still held 115,679 shares, and the trade reduced his position by 5.16%.
• BOX shares rose 6.8% to $26.97 amid heavier-than-usual trading volume. The stock’s recent range includes a 52-week low of $21.34 and high of $38.80.
• The company beat earnings expectations in its latest quarterly report, posting EPS of $0.37 versus $0.36 expected and revenue of $305.94 million. BOX also reiterated future guidance and has a $500 million share repurchase authorization in place.

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $25.36, for a total value of $159,768.00. Following the transaction, the vice president directly owned 115,679 shares of the company's stock, valued at $2,933,619.44. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The stock was sold at an average price of $23.85, for a total value of $584,325.00.

BOX Trading Up 6.8%

Shares of NYSE:BOX traded up $1.72 during midday trading on Friday, hitting $26.97. 4,629,182 shares of the stock were exchanged, compared to its average volume of 2,612,781. The stock has a market cap of $3.73 billion, a P/E ratio of 41.49, a PEG ratio of 1.27 and a beta of 0.71. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $38.80. The company has a 50 day moving average price of $24.24 and a 200-day moving average price of $26.36.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. On average, equities research analysts expect that Box, Inc. will post 0.34 earnings per share for the current year.

BOX announced that its board has approved a share repurchase program on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to buy up to 14.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOX. Northwestern Mutual Wealth Management Co. grew its holdings in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker's stock valued at $91,351,000 after buying an additional 3,053,829 shares during the period. Norges Bank purchased a new stake in BOX in the 4th quarter valued at about $58,814,000. Qube Research & Technologies Ltd grew its holdings in BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock valued at $41,354,000 after buying an additional 854,953 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in BOX in the 2nd quarter valued at about $22,626,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of BOX by 15.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock worth $134,932,000 after purchasing an additional 604,946 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BOX. UBS Group boosted their target price on shares of BOX from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday. DA Davidson reissued a "buy" rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday. Morgan Stanley cut their target price on shares of BOX from $38.00 to $33.00 and set an "equal weight" rating for the company in a research note on Thursday, March 12th. Citigroup boosted their target price on shares of BOX from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Weiss Ratings upgraded BOX from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BOX currently has an average rating of "Hold" and an average target price of $35.33.

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.

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