Box, Inc. $BOX Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Box, Inc. by 409.3% in Q1, owning 71,489 shares worth approximately $2.21 million.
• Analysts have varying opinions on Box, with a consensus average rating of "Moderate Buy" and an average price target of $38.50.
• Box reported a quarterly earnings per share (EPS) of $0.30, surpassing estimates, and revenue of $276.27 million, a 4.4% increase year-over-year.

Quantbot Technologies LP boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 409.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,489 shares of the software maker's stock after purchasing an additional 57,452 shares during the period. Quantbot Technologies LP's holdings in BOX were worth $2,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. boosted its holdings in shares of BOX by 2.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,373 shares of the software maker's stock valued at $814,000 after purchasing an additional 546 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of BOX by 45.5% in the first quarter. Public Sector Pension Investment Board now owns 519,079 shares of the software maker's stock valued at $16,019,000 after acquiring an additional 162,238 shares in the last quarter. Aigen Investment Management LP acquired a new position in BOX during the first quarter worth approximately $1,028,000. Invesco Ltd. raised its holdings in shares of BOX by 8.3% during the first quarter. Invesco Ltd. now owns 567,786 shares of the software maker's stock worth $17,522,000 after purchasing an additional 43,355 shares during the period. Finally, Mizuho Markets Americas LLC increased its stake in BOX by 3.8% during the 1st quarter. Mizuho Markets Americas LLC now owns 616,948 shares of the software maker's stock valued at $19,039,000 after buying an additional 22,700 shares during the period. 86.74% of the stock is owned by institutional investors.

BOX Stock Up 3.3%

NYSE BOX traded up $1.04 on Wednesday, hitting $32.20. The stock had a trading volume of 2,396,530 shares, compared to its average volume of 1,912,743. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 24.91 and a beta of 0.96. The company's 50-day moving average is $32.67 and its two-hundred day moving average is $32.52.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. During the same period last year, the business posted $0.44 EPS. BOX's revenue 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. On average, sell-side analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the chief executive officer directly owned 2,952,030 shares in the company, valued at $98,450,200.50. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $32.00, for a total value of $64,416.00. Following the completion of the sale, the chief operating officer owned 530,060 shares of the company's stock, valued at $16,961,920. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,504 shares of company stock valued at $3,363,371 over the last three months. 3.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BOX. Morgan Stanley reissued a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price objective on shares of BOX in a research report on Wednesday. DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. UBS Group raised their price objective on BOX from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.00.

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.