Voss Capital LP Invests $5.96 Million in Box, Inc. $BOX

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Voss Capital LP bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 193,067 shares of the software maker's stock, valued at approximately $5,958,000. Voss Capital LP owned approximately 0.13% of BOX as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BOX. TCTC Holdings LLC grew 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 buying an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised 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 valued at $27,000 after acquiring an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of BOX during the 1st quarter valued at $31,000. Versant Capital Management Inc lifted its holdings in shares of BOX by 519.4% during the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Covestor Ltd boosted its position in BOX by 29.9% during the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the sale, the chief executive officer owned 2,952,030 shares in the company, valued at approximately $98,450,200.50. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director directly 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. In the last three months, insiders have sold 94,504 shares of company stock worth $3,363,371. 3.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

BOX has been the topic of several research reports. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial reiterated an "outperform" rating and set a $42.00 target price (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their price target on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

BOX Trading Down 1.0%

BOX stock traded down $0.3130 during midday trading on Thursday, hitting $31.2070. 2,916,230 shares of the company's stock were exchanged, compared to its average volume of 1,475,027. The firm has a 50 day moving average price of $32.92 and a 200-day moving average price of $32.59. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 24.19 and a beta of 0.96.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. BOX has set its FY 2026 guidance at 1.220-1.260 EPS. Q2 2026 guidance at 0.300-0.310 EPS. On average, sell-side analysts forecast that Box, Inc. will post 0.27 EPS 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.