Box, Inc. $BOX Shares Purchased by Caption Management LLC

Key Points

• Caption Management LLC increased its stake in Box, Inc. by 94.7%, acquiring an additional 20,925 shares, resulting in a total of 43,025 shares valued at approximately $1.33 million.
• Box, Inc. has recently received upgrades from several analysts, including Zacks Research, which moved its rating from "hold" to "strong-buy." Citigroup and UBS Group also raised their price targets significantly, indicating positive market sentiment.
• Despite efforts to increase investor confidence, BOX shares experienced a slight decline of 0.7% and currently trade at around $32.59, with a market capitalization of $4.69 billion.

Caption Management LLC grew its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 94.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,025 shares of the software maker's stock after acquiring an additional 20,925 shares during the period. Caption Management LLC's holdings in BOX were worth $1,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOX. RGM Capital LLC lifted its holdings in shares of BOX by 9.3% in the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock worth $115,718,000 after buying an additional 318,459 shares during the period. Congress Asset Management Co. lifted its stake in BOX by 11.2% in the first quarter. Congress Asset Management Co. now owns 1,846,069 shares of the software maker's stock worth $56,970,000 after acquiring an additional 186,423 shares during the period. Northern Trust Corp grew its holdings in BOX by 7.4% during the 4th quarter. Northern Trust Corp now owns 1,657,127 shares of the software maker's stock worth $52,365,000 after acquiring an additional 113,822 shares in the last quarter. Sunriver Management LLC increased its position in BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock valued at $47,736,000 after purchasing an additional 597,410 shares during the period. Finally, BNP Paribas Financial Markets increased its position in BOX by 2.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker's stock valued at $33,025,000 after purchasing an additional 22,962 shares during the period. Institutional investors own 86.74% of the company's stock.

Insider Activity

In related news, Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director owned 115,725 shares in the company, valued at $3,877,944.75. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction that occurred 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 $4,463,125.78. This represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,081 shares of company stock valued at $1,762,323. 3.90% of the stock is owned by insiders.

BOX Stock Performance

NYSE:BOX traded down $0.01 during mid-day trading on Friday, hitting $32.73. 1,628,401 shares of the company's stock traded hands, compared to its average volume of 1,948,247. The company has a fifty day moving average of $32.39 and a 200 day moving average of $32.42. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The company has a market capitalization of $4.71 billion, a P/E ratio of 26.39 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, research analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating and issued a $42.00 price target on shares of BOX in a report on Wednesday, August 27th. UBS Group boosted their price target on BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.