Hsbc Holdings PLC Reduces Stock Position in Box, Inc. $BOX

Key Points

• HSBC Holdings PLC reduced its stake in Box, Inc. by 65.4%, selling 33,220 shares and holding 17,542 shares valued at approximately $541,000 as of its latest SEC filing.
• Insiders, including CEO Aaron Levie and CFO Dylan C. Smith, sold a combined total of 51,081 shares of Box stock, resulting in a significant decrease in their ownership positions.
• Analysts have set new price targets for Box, Inc., with a consensus rating of "Moderate Buy" and an average target price of $39.00.

Hsbc Holdings PLC decreased its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 65.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,542 shares of the software maker's stock after selling 33,220 shares during the quarter. Hsbc Holdings PLC's holdings in BOX were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC raised its holdings 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 buying an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after buying an additional 665 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in BOX in the 1st quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after buying an additional 1,636 shares during the period. Finally, Covestor Ltd raised its holdings 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 buying an additional 493 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BOX. UBS Group boosted their price target on shares of BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Citigroup boosted their price target on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Finally, DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. One 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 company. Based on data from MarketBeat, BOX has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Insiders Place Their Bets

In other news, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the transaction, the vice president owned 133,867 shares in the company, valued at $4,463,125.78. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction on 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 represents a 25.10% 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. Company insiders own 3.90% of the company's stock.

BOX Price Performance

Shares of BOX stock traded down $0.06 during trading hours on Friday, hitting $32.69. The stock had a trading volume of 947,185 shares, compared to its average volume of 1,946,349. The stock's 50 day moving average is $32.39 and its 200 day moving average is $32.42. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The firm has a market capitalization of $4.70 billion, a PE ratio of 26.36 and a beta of 0.95.

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 for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities analysts predict 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.