Hussman Strategic Advisors Inc. Takes $1.26 Million Position in Box, Inc. $BOX

Key Points

• Hussman Strategic Advisors bought a new stake of 42,000 shares in Box during Q4 valued at approximately $1.26 million, and institutional investors now own about 86.74% of the company.
• Box reported a Q4 EPS beat of $0.49 vs. $0.33 expected with revenue of $305.9M (up 9.4% YoY), and its board authorized a $500 million share repurchase program covering roughly 14.2% of outstanding shares.
• Corporate insiders have sold 111,954 shares (~$2.71M) over the past 90 days, while analysts remain mixed: consensus rating "Hold" with a $35.57 average price target.

Hussman Strategic Advisors Inc. purchased a new stake in shares of Box, Inc. (NYSE:BOX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,000 shares of the software maker's stock, valued at approximately $1,256,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BOX. First Horizon Corp raised its holdings in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker's stock valued at $25,000 after purchasing an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BOX during the 4th quarter valued at $26,000. Geneos Wealth Management Inc. bought a new position in shares of BOX during the 1st quarter valued at $31,000. Salomon & Ludwin LLC bought a new position in shares of BOX during the 3rd quarter valued at $32,000. Finally, Employees Retirement System of Texas bought a new position in shares of BOX during the 3rd quarter valued at $35,000. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of BOX opened at $25.04 on Monday. The company has a market capitalization of $3.47 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.71. Box, Inc. has a one year low of $21.34 and a one year high of $38.80. The company's fifty day moving average price is $23.93 and its 200 day moving average price is $27.29.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. The firm had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Analysts anticipate that Box, Inc. will post 0.34 earnings per share for the current year.

BOX announced that its board has initiated a stock repurchase program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

BOX has been the topic of a number of recent research reports. William Blair restated a "market perform" rating on shares of BOX in a report on Monday, March 23rd. UBS Group cut their price target on shares of BOX from $31.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday, March 4th. Wall Street Zen upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 25th. Citigroup cut their price target on shares of BOX from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. Finally, DA Davidson restated a "buy" rating and set a $45.00 price target on shares of BOX in a report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BOX currently has an average rating of "Hold" and a consensus price target of $35.57.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 24,500 shares of BOX stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $23.85, for a total value of $584,325.00. Following the transaction, the vice president owned 95,516 shares in the company, valued at $2,278,056.60. This trade represents a 20.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 6,528 shares of BOX stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $24.07, for a total transaction of $157,128.96. Following the completion of the transaction, the chief operating officer owned 487,488 shares in the company, valued at $11,733,836.16. This trade represents a 1.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 111,954 shares of company stock worth $2,712,131. Corporate insiders own 3.90% of the company's stock.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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