Blue Oak Capital LLC Acquires New Position in Box, Inc. $BOX

Key Points

• Blue Oak Capital LLC acquired 17,000 shares of Box, Inc., valued at approximately $525,000, reflecting continued interest from institutional investors who own nearly 87% of the company's stock.
• Several hedge funds significantly increased their stakes in Box, including TCTC Holdings LLC, which raised its position by 115.4% during the first quarter.
• Wall Street analysts have expressed a positive outlook, with Zacks upgrading Box to a "strong-buy" rating and the average target price set at $39.00.

Blue Oak Capital LLC acquired a new position in Box, Inc. (NYSE:BOX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,000 shares of the software maker's stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC grew its position in BOX by 3.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock worth $356,000 after purchasing an additional 362 shares during the last quarter. TCTC Holdings LLC grew its position in BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in BOX by 1.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,250 shares of the software maker's stock worth $1,242,000 after purchasing an additional 482 shares during the last quarter. Covestor Ltd grew 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 last quarter. Finally, Xponance Inc. grew its position in 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.

BOX Trading Up 0.0%

BOX traded up $0.01 on Tuesday, reaching $32.52. The stock had a trading volume of 1,267,698 shares, compared to its average volume of 1,938,800. The company has a market cap of $4.71 billion, a P/E ratio of 26.23 and a beta of 0.95. The business's 50-day moving average price is $32.31 and its two-hundred day moving average price is $32.36. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $294.00 million during the quarter, compared to analyst estimates 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 was up 8.9% compared to the same quarter last year. During the same quarter 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. As a group, analysts predict that Box, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group lifted their price objective 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. Morgan Stanley restated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and set a $42.00 price objective on shares of BOX in a research note on Wednesday, August 27th. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the completion of the sale, the chief executive officer owned 2,937,030 shares of the company's stock, valued at approximately $96,363,954.30. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $32.00, for a total transaction of $64,416.00. Following the completion of the sale, the chief operating officer directly owned 530,060 shares of the company's stock, valued at approximately $16,961,920. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,752 shares of company stock worth $3,395,069 in the last 90 days. 3.90% of the stock is owned by insiders.

BOX 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.