Box, Inc. $BOX Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its holdings in Box, Inc., selling 113,364 shares and reducing its position by 98.5%, leaving it with only 1,775 shares valued at $55,000.
• Analysts are bullish on BOX, with UBS raising its price target from $37.00 to $40.00 and more reports indicating price objectives as high as $45.00.
• Box, Inc. reported earnings of $0.30 EPS for the last quarter, exceeding expectations, while revenue increased by 4.4% from the previous year.

BI Asset Management Fondsmaeglerselskab A S lowered its position in Box, Inc. (NYSE:BOX - Free Report) by 98.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,775 shares of the software maker's stock after selling 113,364 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in BOX were worth $55,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BOX. Beverly Hills Private Wealth LLC raised its position in shares of BOX by 3.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock valued at $356,000 after acquiring an additional 362 shares in the last quarter. TCTC Holdings LLC raised its position in shares of BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of 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 valued at $1,242,000 after acquiring an additional 482 shares in the last quarter. Covestor Ltd raised its holdings in shares of BOX by 29.9% during the first 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 period. Finally, Xponance Inc. raised its holdings in shares of BOX by 3.5% during the first 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 period. Institutional investors and hedge funds own 86.74% of the company's stock.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of research reports. UBS Group increased their target price on shares of BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price objective on shares of BOX in a research note on Wednesday. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a research report on Wednesday. Finally, Citigroup increased their price target on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

BOX Stock Performance

Shares of NYSE:BOX traded down $0.24 during trading hours on Friday, hitting $32.59. The stock had a trading volume of 2,571,684 shares, compared to its average volume of 2,163,685. The stock's fifty day simple moving average is $32.54 and its 200 day simple moving average is $32.46. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 26.28 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The firm had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. During the same period last year, the firm earned $0.44 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. 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, research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total transaction of $100,020.00. Following the transaction, the vice president directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $37.23, for a total value of $483,990.00. Following the transaction, the chief financial officer directly owned 1,507,550 shares in the company, valued at $56,126,086.50. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,081 shares of company stock valued at $1,762,323. 3.90% of the stock is owned by corporate insiders.

BOX Company 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.