Ardsley Advisory Partners LP Makes New $741,000 Investment in Box, Inc. $BOX

Key Points

• Ardsley Advisory Partners LP has invested approximately $741,000 in Box, Inc., acquiring 24,000 shares in the first quarter of the year.
• Box, Inc. reported earnings of $0.33 EPS for the most recent quarter, surpassing estimates, with revenue up 8.9% year-over-year.
• Analysts have mixed ratings on BOX, with a consensus rating of "Moderate Buy" and an average price target of $39.00.

Ardsley Advisory Partners LP acquired a new position in shares of Box, Inc. (NYSE:BOX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,000 shares of the software maker's stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in BOX by 8.5% in the first quarter. Royal Bank of Canada now owns 638,062 shares of the software maker's stock valued at $19,690,000 after buying an additional 49,758 shares during the period. Caption Management LLC boosted its stake in BOX by 94.7% during the first quarter. Caption Management LLC now owns 43,025 shares of the software maker's stock worth $1,328,000 after acquiring an additional 20,925 shares in the last quarter. Trexquant Investment LP boosted its stake in BOX by 62.8% during the first quarter. Trexquant Investment LP now owns 164,928 shares of the software maker's stock worth $5,090,000 after acquiring an additional 63,615 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in BOX by 2.2% during the first quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker's stock worth $33,025,000 after acquiring an additional 22,962 shares in the last quarter. Finally, RGM Capital LLC boosted its stake in BOX by 9.3% during the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock worth $115,718,000 after acquiring an additional 318,459 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOX. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. DA Davidson set a $45.00 target price on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Royal Bank Of Canada raised their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a report on Wednesday, August 27th. Finally, Citigroup lifted their target price on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Insider Activity

In related news, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $32.00, for a total value of $64,416.00. Following the transaction, the chief operating officer owned 530,060 shares in the company, valued at $16,961,920. The trade was a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the company's 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 completion of the transaction, the director owned 115,725 shares in the company, valued at approximately $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 quarter, insiders have sold 51,081 shares of company stock worth $1,762,323. 3.90% of the stock is currently owned by corporate insiders.

BOX Stock Performance

Shares of NYSE BOX traded up $0.30 during mid-day trading on Monday, hitting $33.07. The stock had a trading volume of 649,025 shares, compared to its average volume of 1,942,788. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The business has a 50 day moving average price of $32.37 and a two-hundred day moving average price of $32.36. The firm has a market cap of $4.79 billion, a P/E ratio of 26.57 and a beta of 0.95.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business 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 previous 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 research analysts predict 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.