AlphaQuest LLC Trims Stake in Box, Inc. $BOX

Key Points

• AlphaQuest LLC has reduced its position in Box, Inc. by 74%, currently holding only 6,864 shares after selling 19,544 shares. This move reflects a significant pullback in their investment strategy for this software company.
• Despite AlphaQuest's reduction, other investors have increased their stakes in Box, including TCTC Holdings LLC, which raised its holdings by 115.4%, and Versant Capital Management Inc, which increased by 519.4%.
• Analysts are generally optimistic about Box, with ratings ranging from "Underperform" to "Strong Buy," and a consensus price target of $39.00, indicating a potential upside for the stock.

AlphaQuest LLC decreased its position in Box, Inc. (NYSE:BOX - Free Report) by 74.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,864 shares of the software maker's stock after selling 19,544 shares during the period. AlphaQuest LLC's holdings in BOX were worth $212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC increased its stake in BOX by 3.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock valued at $356,000 after buying an additional 362 shares during the last quarter. TCTC Holdings LLC increased its stake in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after buying an additional 442 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in BOX by 1.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,250 shares of the software maker's stock valued at $1,242,000 after buying an additional 482 shares during the last quarter. Covestor Ltd increased its stake in BOX by 29.9% in the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock valued at $66,000 after buying an additional 493 shares during the last quarter. Finally, Xponance Inc. increased its stake in shares of BOX by 3.5% during the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker's stock worth $464,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity at BOX

In other BOX news, Director Bethany Mayer sold 5,123 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the sale, the director directly owned 15,284 shares of the company's stock, valued at approximately $520,573.04. This represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the sale, the vice president directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. This represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,081 shares of company stock valued at $1,762,323 over the last quarter. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BOX. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Citigroup lifted their price objective on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Finally, Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.00.

BOX Stock Up 1.3%

Shares of NYSE BOX traded up $0.42 during midday trading on Thursday, hitting $32.78. The stock had a trading volume of 2,149,607 shares, compared to its average volume of 1,946,546. The company has a market cap of $4.71 billion, a P/E ratio of 26.43 and a beta of 0.95. The business's 50 day moving average is $32.42 and its 200-day moving average is $32.43. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share 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 firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior 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. As a group, analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal 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.