Box, Inc. $BOX Shares Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC increased its stake in Box, Inc. by 143.5% in the second quarter, acquiring an additional 18,002 shares, bringing its total holdings to 30,544 shares valued at $1,044,000.
• Box, Inc. reported earnings of $0.33 per share for the last quarter, exceeding expectations and showing an 8.9% revenue increase year-over-year.
• Institutional investors now hold 86.74% of Box's stock, indicating strong institutional confidence in the company's future performance.

Krilogy Financial LLC boosted its stake in Box, Inc. (NYSE:BOX - Free Report) by 143.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,544 shares of the software maker's stock after purchasing an additional 18,002 shares during the quarter. Krilogy Financial LLC's holdings in BOX were worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BOX. Harbor Capital Advisors Inc. raised its position in BOX by 23.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 38,408 shares of the software maker's stock valued at $1,312,000 after purchasing an additional 7,200 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in BOX by 692.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker's stock worth $45,000 after purchasing an additional 1,150 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of BOX by 16.3% in the 1st quarter. Voya Investment Management LLC now owns 390,661 shares of the software maker's stock valued at $12,056,000 after purchasing an additional 54,668 shares in the last quarter. Blue Oak Capital LLC purchased a new position in BOX during the first quarter valued at $525,000. Finally, Strs Ohio acquired a new stake in shares of BOX in the first quarter worth approximately $349,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Down 0.5%

NYSE BOX traded down $0.16 on Friday, hitting $32.14. The company's stock had a trading volume of 3,327,873 shares, compared to its average volume of 2,185,933. The company's 50-day moving average is $32.24 and its 200 day moving average is $32.35. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The firm has a market cap of $4.66 billion, a PE ratio of 25.92 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. 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 previous year, the business posted $0.44 EPS. BOX's quarterly 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, equities analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 3,000 shares of BOX 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 sale, the vice president directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. The trade was a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the sale, the chief executive officer directly owned 2,937,030 shares in the company, valued at $96,363,954.30. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,752 shares of company stock worth $3,395,069 over the last ninety days. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating and issued a $42.00 price target on shares of BOX in a research note on Wednesday, August 27th. Citigroup upped their target price on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Morgan Stanley restated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada increased their target price on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

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.