Parallax Volatility Advisers L.P. Reduces Stake in Box, Inc. $BOX

Key Points

• Parallax Volatility Advisers L.P. reduced its stake in Box, Inc. by 57.3%, selling 66,661 shares and now holding 49,594 shares worth approximately $1.53 million.
• Several other institutional investors also changed their stakes in Box, with increases from firms like Beverly Hills Private Wealth LLC (up 3.2%) and TCTC Holdings LLC (up 115.4%).
• Box, Inc. reported a quarterly earnings per share (EPS) of $0.33, beating estimates, and has set guidance for FY 2026 EPS between 1.260-1.280.

Parallax Volatility Advisers L.P. decreased its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 57.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 49,594 shares of the software maker's stock after selling 66,661 shares during the period. Parallax Volatility Advisers L.P.'s holdings in BOX were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC increased its stake 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 worth $356,000 after acquiring an additional 362 shares during the last quarter. TCTC Holdings LLC increased its stake in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after acquiring an additional 442 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake 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 worth $1,242,000 after acquiring an additional 482 shares during the last quarter. Covestor Ltd increased its stake in BOX by 29.9% in the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after acquiring an additional 493 shares during the last quarter. Finally, Xponance Inc. increased its stake in BOX by 3.5% in the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker's stock worth $464,000 after acquiring an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Trading Down 0.0%

Shares of BOX stock opened at $32.73 on Friday. The firm has a market capitalization of $4.71 billion, a PE ratio of 26.39 and a beta of 0.95. The business's 50-day moving average price is $32.37 and its 200-day moving average price is $32.38. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $294.00 million for the quarter, compared to analyst estimates 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 was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. 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, analysts predict that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In related news, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director directly owned 115,725 shares in the company, valued at $3,877,944.75. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,081 shares of company stock worth $1,762,323 over the last quarter. Company insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and issued a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. UBS Group upped their target price on BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.