Acadian Asset Management LLC Sells 801,213 Shares of Box, Inc. $BOX

Key Points

• Acadian Asset Management LLC reduced its stake in Box, Inc. by 20.9%, owning 3,033,133 shares after selling 801,213 shares in the first quarter.
• Insider trading activity included significant sales, with VP Eli Berkovitch and CEO Aaron Levie selling a combined total of 18,000 shares at approximately $33.35 per share.
• Box's latest earnings showed a profit of $0.33 EPS, exceeding expectations, and the company has set FY 2026 guidance at 1.260-1.280 EPS.

Acadian Asset Management LLC cut its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,033,133 shares of the software maker's stock after selling 801,213 shares during the quarter. Acadian Asset Management LLC owned 2.11% of BOX worth $93,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cerity Partners LLC acquired a new stake in BOX during the 1st quarter worth about $1,395,000. Sunriver Management LLC increased its position in shares of BOX by 62.9% in the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after acquiring an additional 597,410 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of BOX by 420.1% during the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock valued at $928,000 after acquiring an additional 24,286 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of BOX in the 4th quarter valued at approximately $289,000. Finally, GAMMA Investing LLC boosted its stake in BOX by 8,676.2% in the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock worth $4,135,000 after purchasing an additional 126,152 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 3,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.34, for a total value of $100,020.00. Following the sale, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $32.81, for a total transaction of $492,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,937,030 shares of the company's stock, valued at $96,363,954.30. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,752 shares of company stock worth $3,395,069. 3.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on BOX. UBS Group boosted their target price on shares of BOX from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Zacks Research upgraded BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada upped their price objective on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. One equities 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

BOX Trading Down 0.0%

BOX stock traded down $0.00 during trading on Monday, reaching $32.46. 438,851 shares of the stock were exchanged, compared to its average volume of 1,940,467. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The company has a market capitalization of $4.70 billion, a P/E ratio of 26.17 and a beta of 0.95. The stock has a 50 day simple moving average of $32.32 and a 200-day simple moving average of $32.36.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.BOX's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Equities analysts predict that Box, Inc. will post 0.27 EPS for the current year.

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.