Krilogy Financial LLC Has $1.04 Million Position in Box, Inc. $BOX

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 lifted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 143.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,544 shares of the software maker's stock after buying an additional 18,002 shares during the quarter. Krilogy Financial LLC's holdings in BOX were worth $1,044,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BOX. RGM Capital LLC increased its position in BOX by 9.3% in the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock worth $115,718,000 after purchasing an additional 318,459 shares during the period. Congress Asset Management Co. boosted 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 valued at $56,970,000 after acquiring an additional 186,423 shares during the last quarter. Sunriver Management LLC grew its holdings in BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after acquiring an additional 597,410 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of BOX by 2.2% in 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. Finally, Principal Financial Group Inc. boosted its position in shares of BOX by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 801,576 shares of the software maker's stock worth $24,737,000 after purchasing an additional 22,526 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOX. JPMorgan Chase & Co. increased their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Citigroup boosted their target price on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BOX has a consensus rating of "Moderate Buy" and an average target price of $38.25.

BOX Trading Down 0.5%

Shares of NYSE BOX traded down $0.16 during mid-day trading on Friday, hitting $32.14. The company had a trading volume of 3,327,873 shares, compared to its average volume of 1,948,513. The firm has a 50-day simple moving average of $32.25 and a two-hundred day simple moving average of $32.36. The company has a market capitalization of $4.66 billion, a PE ratio of 25.92 and a beta of 0.95. Box, Inc. has a one year low of $28.00 and a one year high of $38.80.

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

Insider Activity at BOX

In other news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $32.81, for a total transaction of $492,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,937,030 shares in the company, valued at approximately $96,363,954.30. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the sale, the vice president directly 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 disclosure for this sale can be found here. Insiders sold a total of 102,752 shares of company stock worth $3,395,069 in the last three months. 3.90% of the stock is owned by company insiders.

About BOX

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.