Dylan Smith Sells 51,000 Shares of BOX (NYSE:BOX) Stock

Key Points

• Dylan Smith, CFO of Box, Inc., sold 51,000 shares of the company's stock at an average price of $32.83, totaling approximately $1.67 million, reducing his ownership by 3.33%.
• Box, Inc. reported a Q2 earnings per share of $0.33, surpassing estimates, with revenue of $294 million, reflecting an 8.9% year-over-year growth.
• Analysts have upgraded Box shares from a "hold" rating to a "strong-buy" rating, with several target price increases, now averaging $39.00.

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 51,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the transaction, the chief financial officer owned 1,480,732 shares of the company's stock, valued at approximately $48,612,431.56. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BOX Price Performance

Shares of NYSE BOX traded up $0.33 during mid-day trading on Thursday, hitting $33.03. 1,313,550 shares of the stock traded hands, compared to its average volume of 2,259,587. The firm has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $32.37. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The company has a market cap of $4.79 billion, a PE ratio of 26.64 and a beta of 0.95.

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 (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. 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 anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BOX shares. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. UBS Group lifted their price objective on shares of BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Raymond James Financial reissued an "outperform" rating and set a $42.00 target price on shares of BOX in a research report on Wednesday, August 27th. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a 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 note 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Hedge Funds Weigh In On BOX

Several hedge funds have recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership boosted its holdings in BOX by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,247,092 shares of the software maker's stock valued at $145,123,000 after purchasing an additional 410,191 shares during the period. Acadian Asset Management LLC raised its position in shares of BOX by 36.4% in the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock worth $141,345,000 after buying an additional 1,104,314 shares in the last quarter. RGM Capital LLC boosted its stake in BOX by 9.3% during the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock valued at $115,718,000 after buying an additional 318,459 shares during the period. Geode Capital Management LLC boosted its stake in BOX by 1.0% during the second quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker's stock valued at $114,379,000 after buying an additional 32,884 shares during the period. Finally, Congress Asset Management Co. grew its position in BOX by 2.2% during the second quarter. Congress Asset Management Co. now owns 1,886,750 shares of the software maker's stock worth $64,470,000 after buying an additional 40,681 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

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.

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