Earnest Partners LLC Sells 124,851 Shares of Box, Inc. $BOX

Key Points

• Earnest Partners LLC has reduced its stake in Box, Inc. by 1.6%, selling 124,851 shares during the first quarter, and now holds 7,772,080 shares valued at approximately $239.8 million.
• Insiders at Box, Inc. have sold 94,504 shares worth around $3.36 million in the last quarter, indicating a notable decrease in their positions.
• Wall Street analysts are optimistic about Box's future, with target price upgrades from firms like JPMorgan Chase and UBS Group, reflecting a consensus rating of "Moderate Buy" and an average price target of $38.50.

Earnest Partners LLC cut its holdings in Box, Inc. (NYSE:BOX - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,772,080 shares of the software maker's stock after selling 124,851 shares during the quarter. BOX accounts for approximately 1.1% of Earnest Partners LLC's holdings, making the stock its 17th largest position. Earnest Partners LLC owned approximately 5.41% of BOX worth $239,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC lifted its position in BOX by 3.2% in 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 lifted its position in BOX by 115.4% in 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 lifted its position in BOX by 1.2% in 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 lifted its position in BOX by 29.9% in the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock valued at $66,000 after acquiring an additional 493 shares in the last quarter. Finally, Xponance Inc. lifted its position in BOX by 3.5% in the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker's stock valued at $464,000 after acquiring an additional 513 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Price Performance

Shares of NYSE:BOX traded down $0.24 during midday trading on Friday, hitting $32.59. The company had a trading volume of 2,571,684 shares, compared to its average volume of 2,124,855. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 26.28 and a beta of 0.96. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80. The company has a fifty day moving average of $32.54 and a two-hundred day moving average of $32.48.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. During the same quarter in the prior year, the business posted $0.44 EPS. BOX's revenue for the quarter 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. Research analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Bethany Mayer sold 5,123 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the completion of the transaction, the director owned 15,284 shares of the company's stock, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total transaction of $254,340.90. Following the completion of the transaction, the director directly owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,081 shares of company stock valued at $1,762,323. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BOX shares. JPMorgan Chase & Co. boosted their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Raymond James Financial reissued an "outperform" rating and set a $42.00 price target on shares of BOX in a report on Wednesday. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Citigroup increased their price target on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Zacks Research raised BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

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.