United Services Automobile Association Acquires Shares of 9,097 Box, Inc. $BOX

Key Points

• United Services Automobile Association acquired 9,097 shares of Box, Inc. valued at approximately $283,000 in the first quarter, according to a recent SEC filing.
• Institutional investors control 86.74% of Box's stock, with several hedge funds, including Sunriver Management LLC and RGM Capital LLC, increasing their holdings significantly.
• Box, Inc. reported $294 million in revenue for the last quarter, surpassing analysts' expectations, and set FY 2026 earnings guidance between 1.260-1.28 EPS.

United Services Automobile Association acquired a new stake in Box, Inc. (NYSE:BOX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,097 shares of the software maker's stock, valued at approximately $283,000.

A number of other hedge funds have also made changes to their positions in BOX. TCTC Holdings LLC raised its holdings in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in BOX in the first quarter worth approximately $31,000. Versant Capital Management Inc grew its position in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock worth $60,000 after acquiring an additional 1,636 shares during the period. Finally, Covestor Ltd grew its position in BOX by 29.9% in the first 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 period. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $32.00, for a total transaction of $64,416.00. Following the completion of the sale, the chief operating officer directly owned 530,060 shares in the company, valued at $16,961,920. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the chief executive officer owned 2,937,030 shares of the company's stock, valued at approximately $96,363,954.30. This represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,752 shares of company stock worth $3,395,069. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BOX has been the subject of several research analyst reports. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating and issued a $42.00 target price on shares of BOX in a report on Wednesday, August 27th. JPMorgan Chase & Co. lifted their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Citigroup lifted their target price on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One 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 issued a Sell rating to the company's stock. 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 Trading Down 1.1%

Shares of NYSE:BOX traded down $0.35 during trading on Thursday, hitting $32.39. 584,269 shares of the stock were exchanged, compared to its average volume of 1,933,808. The company has a fifty day moving average price of $32.27 and a two-hundred day moving average price of $32.36. The company has a market cap of $4.69 billion, a PE ratio of 26.12 and a beta of 0.95. 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 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. 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%.BOX's revenue was up 8.9% on a year-over-year basis. During the same quarter 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. Equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

BOX 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.