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 disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BOX. Gotham Asset Management LLC purchased a new stake in BOX during the fourth quarter worth about $307,000. Janus Henderson Group PLC boosted its holdings in BOX by 126.0% during the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock worth $15,399,000 after buying an additional 271,745 shares in the last quarter. Quantinno Capital Management LP acquired a new position in BOX during the fourth quarter worth about $289,000. ProShare Advisors LLC raised its position in BOX by 42.5% during the fourth quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock worth $1,369,000 after acquiring an additional 12,924 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in BOX during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity

In other BOX news, CEO Aaron Levie sold 15,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the transaction, the chief executive officer owned 2,937,030 shares of the company's stock, valued at approximately $96,363,954.30. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director directly owned 15,284 shares in the company, valued at approximately $520,573.04. The trade was a 25.10% 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 currently owned by corporate insiders.

Analyst Ratings Changes

BOX has been the subject of a number of analyst reports. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Royal Bank Of Canada upped their target price on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. Finally, Citigroup increased 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 investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, BOX currently has a consensus rating of "Moderate Buy" and an average target price of $38.25.

BOX Price Performance

Shares of BOX stock traded down $0.42 during trading hours on Thursday, reaching $32.32. The stock had a trading volume of 1,781,573 shares, compared to its average volume of 2,242,631. The firm has a market capitalization of $4.68 billion, a PE ratio of 26.06 and a beta of 0.95. The firm has a 50-day simple moving average of $32.25 and a 200-day simple moving average of $32.36. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released 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. The firm had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. BOX's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

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.