Dylan Smith Sells 17,000 Shares of BOX (NYSE:BOX) Stock

Key Points

• CFO Dylan Smith sold 17,000 shares of Box, Inc. at an average price of $33.05, totaling $561,850, which reduced his ownership stake by 1.16%.
• Box's stock traded down 0.3% to $32.66 with average trading volume of 1,080,159 shares, and it has a market capitalization of $4.73 billion.
• Despite a recent earnings report showing a $0.33 earnings per share, up from the previous year, market analysts have a consensus rating of "Moderate Buy" for Box stock, with a target price of $38.25.

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 17,000 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $33.05, for a total transaction of $561,850.00. Following the sale, the chief financial officer owned 1,454,013 shares of the company's stock, valued at $48,055,129.65. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BOX Trading Down 0.3%

Shares of BOX traded down $0.09 during mid-day trading on Tuesday, hitting $32.66. 1,080,159 shares of the company's stock were exchanged, compared to its average volume of 1,925,775. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The firm has a market capitalization of $4.73 billion, a P/E ratio of 26.34 and a beta of 0.90. The business's 50 day moving average is $32.25 and its two-hundred day moving average is $32.52.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, equities research analysts forecast that Box, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of BOX by 10.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,127 shares of the software maker's stock worth $225,000 after purchasing an additional 679 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of BOX by 43.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker's stock worth $116,000 after purchasing an additional 1,130 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of BOX by 184.4% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the software maker's stock worth $128,000 after purchasing an additional 2,681 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of BOX by 420.1% during the 1st quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock worth $928,000 after purchasing an additional 24,286 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of BOX by 2.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 56,135 shares of the software maker's stock worth $1,732,000 after purchasing an additional 1,441 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOX. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. Zacks Research downgraded shares of BOX from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Citigroup raised their price objective on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BOX in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.25.

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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