40,427 Shares of Box, Inc. $BOX Acquired by Moody Aldrich Partners LLC

Key Points

• Moody Aldrich Partners LLC acquired 40,427 Box shares valued at approximately $1.35 million during the third quarter. Institutional investors collectively own 86.74% of BOX.
• Analyst sentiment remains mixed, with three Buy, four Hold, and one Sell rating; the average rating is Hold with a $37.80 price target.
• BOX shares traded near a 12-month high at $43.29, while the company reported quarterly revenue growth of 9.2% year over year and earnings in line with estimates. Insiders sold 75,428 shares worth approximately $2.67 million over the past 90 days.

Moody Aldrich Partners LLC acquired a new position in Box, Inc. (NYSE:BOX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,427 shares of the software maker's stock, valued at approximately $1,353,000.

Several other institutional investors have also recently made changes to their positions in BOX. Fortitude Family Office LLC grew its position in BOX by 408.2% during the third quarter. Fortitude Family Office LLC now owns 747 shares of the software maker's stock valued at $25,000 after buying an additional 600 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in BOX during the second quarter valued at approximately $56,000. Farther Finance Advisors LLC increased its holdings in BOX by 34.8% during the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker's stock valued at $73,000 after buying an additional 567 shares during the last quarter. Versant Capital Management Inc increased its holdings in BOX by 12.1% during the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker's stock valued at $97,000 after buying an additional 314 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in BOX in the second quarter worth approximately $102,000. Institutional investors own 86.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BOX shares. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, October 4th. Morgan Stanley boosted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 26th. Bank of America restated a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. Citigroup raised their target price on BOX from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.80.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 3,850 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the sale, the vice president directly owned 105,404 shares of the company's stock, valued at $3,793,489.96. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $36.56, for a total transaction of $621,520.00. Following the transaction, the chief financial officer directly owned 1,293,100 shares of the company's stock, valued at $47,275,736. The trade was a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,428 shares of company stock worth $2,667,239 over the last ninety days. 3.99% of the stock is owned by company insiders.

BOX Trading Up 1.1%

NYSE BOX opened at $43.29 on Friday. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $43.57. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 62.74, a PEG ratio of 11.26 and a beta of 0.72. The company's 50 day moving average is $36.06 and its two-hundred day moving average is $28.69.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Sell-side analysts forecast that Box, Inc. will post 0.32 EPS for the current year.

About BOX

Box, Inc NYSE: BOX provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company's offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.

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