BOX (NYSE:BOX) CFO Sells $1,674,330.00 in 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 C. Smith sold 51,000 shares of the 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 completion of the sale, the chief financial officer directly owned 1,480,732 shares in the company, 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 legal filing with the SEC, which is available at this link.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.01 during trading hours on Tuesday, reaching $32.52. The stock had a trading volume of 1,313,318 shares, compared to its average volume of 2,244,001. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The firm's 50 day moving average is $32.29 and its 200-day moving average is $32.36. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 26.23 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The company had revenue of $294.00 million for 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts forecast that Box, Inc. will post 0.27 EPS for the current year.

Institutional Trading of BOX

Large investors have recently bought and sold shares of the business. TCTC Holdings LLC boosted its stake in BOX by 115.4% during 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. Caitong International Asset Management Co. Ltd boosted its stake in BOX by 7,130.0% during 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. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 acquiring an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX in the 1st quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BOX in the 1st quarter worth $31,000. Institutional investors and hedge funds own 86.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 target price on shares of BOX in a research report on Wednesday, August 27th. Citigroup increased their target price 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, Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.00.

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.