Jacobs Levy Equity Management Inc. Sells 1,098,917 Shares of Box, Inc. $BOX

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in Box, Inc. by 97.8%, leaving it with approximately 24,986 shares valued at $771,000 after selling over a million shares in Q1.
• Box, Inc. recently reported a quarterly EPS of $0.33, beating analysts' expectations, with revenue of $294 million reflecting an 8.9% increase year-over-year.
• Wall Street analysts have a generally positive outlook for Box, with a consensus rating of "Moderate Buy" and a target price averaging around $39.00.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 97.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,986 shares of the software maker's stock after selling 1,098,917 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in BOX were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOX. Gotham Asset Management LLC bought a new stake in shares of BOX during the 4th quarter worth approximately $307,000. Janus Henderson Group PLC raised its stake in shares of BOX by 126.0% during the 4th quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock worth $15,399,000 after purchasing an additional 271,745 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of BOX during the 4th quarter worth approximately $289,000. ProShare Advisors LLC raised its stake in shares of BOX by 42.5% during the 4th quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock worth $1,369,000 after purchasing an additional 12,924 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of BOX during the 4th quarter worth approximately $215,000. Institutional investors own 86.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on BOX from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. Finally, Zacks Research upgraded BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $39.00.

BOX Stock Up 0.0%

Shares of BOX traded up $0.01 during trading hours on Monday, hitting $32.47. 1,301,089 shares of the company were exchanged, compared to its average volume of 2,230,855. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 26.18 and a beta of 0.95. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The firm's fifty day moving average is $32.31 and its 200 day moving average is $32.36.

BOX (NYSE:BOX - Get Free Report) last released its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.BOX's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 51,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total value of $1,674,330.00. Following the sale, the chief financial officer directly owned 1,480,732 shares of the company's stock, valued at $48,612,431.56. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the sale, the director directly owned 115,725 shares in the company, valued at $3,877,944.75. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,752 shares of company stock worth $3,395,069 in the last quarter. 3.90% of the stock is currently owned by corporate 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.