BOX Sees Unusually Large Options Volume (NYSE:BOX)

Key Points

• Box, Inc. experienced a significant spike in options trading with 5,195 call options purchased, representing a 199% increase from the average volume.
• Insider sales included Director Bethany Mayer selling 5,123 shares for approximately $174,489, indicating a decrease in ownership of 25.10%.
• Analysts have generally positive outlooks for BOX, with multiple brokerages raising their target prices and issuing buy ratings, suggesting a consensus rating of "Moderate Buy."

Box, Inc. (NYSE:BOX - Get Free Report) was the target of some unusual options trading on Wednesday. Investors purchased 5,195 call options on the company. Thisrepresentsanincreaseof199% compared to the average volume of 1,737 call options.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 5,123 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the sale, the director directly owned 15,284 shares in the company, valued at $520,573.04. This represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $32.00, for a total value of $64,416.00. Following the sale, the chief operating officer owned 530,060 shares in the company, valued at approximately $16,961,920. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,504 shares of company stock worth $3,363,371 in the last ninety days. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of BOX

Hedge funds have recently modified their holdings of the stock. TCTC Holdings LLC increased its stake in BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after acquiring an additional 442 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock valued at $25,000 after buying an additional 713 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in BOX by 332.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after purchasing an additional 665 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in BOX during the 1st quarter worth about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in BOX during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on BOX. JPMorgan Chase & Co. upped their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Morgan Stanley reissued a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price objective on shares of BOX in a research report on Wednesday. Citigroup reaffirmed a "buy" rating on shares of BOX in a research report on Wednesday. Finally, DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

BOX Stock Up 2.7%

BOX traded up $0.83 during trading hours on Wednesday, reaching $31.99. 1,752,610 shares of the company's stock traded hands, compared to its average volume of 1,907,398. The firm has a 50-day moving average price of $32.67 and a 200 day moving average price of $32.52. The firm has a market capitalization of $4.60 billion, a PE ratio of 24.76 and a beta of 0.96. BOX has a 52-week low of $28.00 and a 52-week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Equities analysts predict that BOX will post 0.27 EPS for the current fiscal year.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.

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