Box, Inc. $BOX Shares Acquired by Odyssean LLC

Key Points

• Odyssean LLC more than doubled its Box stake in the second quarter, acquiring 59,719 additional shares to own 117,086 shares valued at approximately $3.1 million. Institutional investors collectively hold 86.74% of BOX.
• Box reported solid fiscal second-quarter results and raised its outlook: Revenue rose 9.2% year over year to $321.15 million, adjusted EPS matched estimates at $0.40, and full-year fiscal 2027 EPS guidance of $1.54 exceeded the $1.32 consensus.
• Analyst sentiment remains cautious despite improved performance. BOX has a consensus “Hold” rating and a $35.33 average price target, while the stock trades near its 52-week high at a valuation above 50 times earnings and insiders have recently sold shares.

Odyssean LLC increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 104.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,086 shares of the software maker's stock after purchasing an additional 59,719 shares during the period. Odyssean LLC owned 0.08% of BOX worth $3,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BOX. Geneos Wealth Management Inc. acquired a new stake in BOX in the first quarter worth $31,000. Employees Retirement System of Texas acquired a new position in shares of BOX during the third quarter valued at $35,000. CIBC Private Wealth Group LLC boosted its holdings in shares of BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock valued at $39,000 after acquiring an additional 1,138 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of BOX by 337.7% during the fourth quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker's stock valued at $60,000 after acquiring an additional 1,557 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of BOX during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX News Roundup

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Raised earnings outlook: Box guided fiscal 2027 EPS to approximately $1.54, well above the $1.32 analyst consensus. Third-quarter EPS guidance of $0.39 also exceeded the $0.33 consensus, while projected revenue of $329 million topped the $324.5 million estimate. Box Q2 earnings and guidance
• Positive Sentiment: Healthy operating performance: Fiscal Q2 revenue increased 9% year over year to $321.1 million, exceeding the $319.3 million consensus. Billings rose 17% to $309.5 million, operating cash flow increased 54% to $70.8 million, and remaining performance obligations reached $1.7 billion. Box fiscal Q2 revenue report
• Positive Sentiment: Share repurchases provided support: Box repurchased approximately 2.6 million shares for $66 million during the quarter, potentially supporting per-share results and signaling management confidence. Box fiscal 2027 second-quarter results
• Neutral Sentiment: Results met, rather than exceeded, expectations: Adjusted EPS was $0.40, matching consensus but improving from $0.33 a year earlier. The revenue beat was modest, which may have limited the immediate upside reaction. Box earnings report
• Negative Sentiment: Valuation and profitability concerns remain: BOX was trading close to its 52-week high with a P/E ratio above 50, while its reported return on equity remained negative. Those factors may have encouraged profit-taking despite the upbeat guidance.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BOX shares. DA Davidson reaffirmed a "buy" rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Weiss Ratings raised shares of BOX from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. UBS Group reaffirmed a "neutral" rating on shares of BOX in a report on Wednesday. Finally, Citigroup increased their price objective on BOX from $36.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, BOX has a consensus rating of "Hold" and an average price target of $35.33.

Insider Transactions at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,874,673 shares of the company's stock, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 5,834 shares of BOX stock in a transaction on Friday, August 7th. The shares were sold at an average price of $32.31, for a total value of $188,496.54. Following the transaction, the chief operating officer owned 513,382 shares in the company, valued at approximately $16,587,372.42. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,996 shares of company stock worth $2,116,005 in the last three months. 3.99% of the stock is currently owned by company insiders.

BOX Stock Down 1.5%

Shares of NYSE BOX opened at $32.96 on Wednesday. The stock has a market cap of $4.56 billion, a P/E ratio of 50.71, a P/E/G ratio of 11.81 and a beta of 0.73. The firm's 50-day simple moving average is $29.84 and its 200 day simple moving average is $26.37. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $33.88.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, sell-side analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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