Sunriver Management LLC Acquires 597,410 Shares of Box, Inc. $BOX

Key Points

• Sunriver Management LLC increased its stake in Box, Inc. by 62.9% in the first quarter, acquiring an additional 597,410 shares and holding 1,546,862 shares, which constitutes 5.9% of their total portfolio.
• Box, Inc. reported quarterly earnings of $0.30 EPS, surpassing analysts' estimates of $0.25, and expects FY 2026 guidance in the range of $1.220-1.260 EPS.
• Investors are optimistic about Box, Inc., with a consensus rating of "Moderate Buy" and a target price of $38.50 from various analysts, reflecting a positive outlook on the stock's performance.

Sunriver Management LLC increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,546,862 shares of the software maker's stock after buying an additional 597,410 shares during the quarter. BOX makes up 5.9% of Sunriver Management LLC's holdings, making the stock its 7th biggest position. Sunriver Management LLC owned about 1.08% of BOX worth $47,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BOX. Caisse DE Depot ET Placement DU Quebec lifted its holdings in BOX by 219.4% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker's stock valued at $13,301,000 after purchasing an additional 289,112 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in BOX by 126.0% during the 4th quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock valued at $15,399,000 after purchasing an additional 271,745 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in BOX during the 4th quarter valued at $8,551,000. Edgestream Partners L.P. lifted its holdings in BOX by 248.8% during the 1st quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker's stock valued at $9,100,000 after purchasing an additional 210,350 shares during the last quarter. Finally, Voss Capital LP acquired a new stake in BOX during the 1st quarter valued at $5,958,000. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

BOX has been the subject of several research reports. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target on shares of BOX in a report on Wednesday. Citigroup increased their price objective on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

BOX Stock Performance

Shares of NYSE BOX traded up $0.29 during mid-day trading on Thursday, reaching $32.75. The company had a trading volume of 3,011,926 shares, compared to its average volume of 1,940,731. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 26.41 and a beta of 0.96. The business's 50-day simple moving average is $32.62 and its 200 day simple moving average is $32.52.

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 analysts' consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 20.49% and a net margin of 20.30%.The company had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. During the same quarter last year, the business earned $0.44 earnings per share. BOX's revenue was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, sell-side analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $34.06, for a total value of $174,489.38. Following the sale, the director directly owned 15,284 shares of the company's stock, valued at $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Eli Berkovitch sold 5,924 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.70, for a total value of $223,334.80. Following the completion of the sale, the vice president directly owned 138,770 shares in the company, valued at $5,231,629. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,005 shares of company stock valued at $1,985,658 in the last ninety days. Insiders own 3.90% of the company's stock.

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.