Sivia Capital Partners LLC Buys New Position in Box, Inc. $BOX

Key Points

• Sivia Capital Partners LLC has acquired a new stake in Box, Inc., purchasing 14,174 shares valued at approximately $484,000.
• Several institutional investors have increased their holdings in Box, Inc., with 86.74% of the company's stock now owned by institutional investors.
• Box reported quarterly earnings of $0.33 per share, exceeding analysts' expectations, while revenue rose 8.9% year-over-year to $294 million.

Sivia Capital Partners LLC acquired a new stake in Box, Inc. (NYSE:BOX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,174 shares of the software maker's stock, valued at approximately $484,000.

Several other hedge funds also recently modified their holdings of the business. Krilogy Financial LLC raised its stake in shares of BOX by 143.5% in the second quarter. Krilogy Financial LLC now owns 30,544 shares of the software maker's stock valued at $1,044,000 after purchasing an additional 18,002 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of BOX by 23.1% in the second 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 raised its stake in shares of BOX by 692.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker's stock valued at $45,000 after purchasing an additional 1,150 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of BOX by 16.3% in the first 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. Finally, Blue Oak Capital LLC acquired a new position in shares of BOX in the first quarter valued at $525,000. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on BOX shares. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price objective on shares of BOX in a research note on Wednesday, August 27th. Citigroup increased their price objective on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. UBS Group lowered BOX from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $42.00 to $36.00 in a research note on Thursday. Finally, Royal Bank Of Canada increased their price objective on BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.25.

BOX Stock Performance

BOX traded down $0.16 during midday trading on Friday, reaching $32.14. 3,327,873 shares of the company were exchanged, compared to its average volume of 2,185,933. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The stock has a market capitalization of $4.66 billion, a P/E ratio of 25.92 and a beta of 0.95. The stock's 50-day simple moving average is $32.24 and its 200 day simple moving average is $32.35.

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

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction dated 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 owned 133,867 shares of the company's stock, valued at $4,463,125.78. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director directly owned 115,725 shares in the company, valued at approximately $3,877,944.75. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,752 shares of company stock valued at $3,395,069 over the last 90 days. Insiders own 3.90% of the company's stock.

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.