BOX Sees Unusually High 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) saw unusually large options trading on Wednesday. Traders acquired 5,195 call options on the stock. Thisrepresentsanincreaseofapproximately199% compared to the average volume of 1,737 call options.

Analysts Set New Price Targets

BOX has been the topic of several analyst reports. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Citigroup upped their price objective on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Royal Bank Of Canada upped their price objective on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Insider Buying and Selling

In related news, VP Eli Berkovitch sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the sale, the vice president owned 133,867 shares in the company, valued at $4,463,125.78. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the sale, the director owned 115,725 shares in the company, valued at $3,877,944.75. The trade was a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,081 shares of company stock worth $1,762,323 over the last three months. Corporate insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On BOX

Several hedge funds and other institutional investors have recently modified their holdings of BOX. Caitong International Asset Management Co. Ltd raised its holdings in BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock worth $25,000 after purchasing an additional 713 shares during the period. TCTC Holdings LLC raised its holdings in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in BOX by 332.5% in 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 bought a new position in BOX in the 1st quarter worth $31,000. Finally, Geneos Wealth Management Inc. bought a new position in BOX in the 1st quarter worth $31,000. 86.74% of the stock is owned by institutional investors.

BOX Stock Performance

Shares of NYSE BOX traded down $0.24 during midday trading on Monday, hitting $32.59. 2,571,684 shares of the stock traded hands, compared to its average volume of 2,163,685. The firm has a 50-day moving average of $32.54 and a two-hundred day moving average of $32.46. The firm has a market capitalization of $4.69 billion, a P/E ratio of 26.28 and a beta of 0.95. BOX has a one year low of $28.00 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 forecast that BOX will post 0.27 earnings per share for the current fiscal year.

BOX Company Profile

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.