Vident Advisory LLC Decreases Stock Holdings in Box, Inc. $BOX

Key Points

• Vident Advisory LLC reduced its stake in Box, Inc. by 75%, selling 87,538 shares and now holding only 29,124 shares worth approximately $899,000.
• Box, Inc. reported a positive quarterly earnings result, with earnings per share of $0.33 beating estimates of $0.31, alongside revenue of $294 million which also exceeded expectations.
• Several hedge funds have recently increased their positions in Box, with institutional investors owning 86.74% of the stock, indicating strong confidence in the company.

Vident Advisory LLC lowered its position in Box, Inc. (NYSE:BOX - Free Report) by 75.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,124 shares of the software maker's stock after selling 87,538 shares during the quarter. Vident Advisory LLC's holdings in BOX were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC boosted its holdings in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new position in BOX in the first quarter valued at 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 increased its stake in BOX by 29.9% during 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 last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOX has been the topic of several recent analyst reports. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Morgan Stanley restated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. increased their target price on shares of 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 reiterated an "outperform" rating and set a $42.00 price target on shares of BOX in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada upped their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Insider Transactions at BOX

In other news, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction dated 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 transaction, the chief operating officer owned 530,060 shares in the company, valued at approximately $16,961,920. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the business's stock in a transaction dated 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 directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. This 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 36,752 shares of company stock valued at $1,228,589 in the last 90 days. Insiders own 3.90% of the company's stock.

BOX Stock Performance

Shares of BOX traded down $0.83 during mid-day trading on Wednesday, hitting $32.72. 2,148,539 shares of the company's stock were exchanged, compared to its average volume of 2,230,050. The stock's 50-day moving average is $32.34 and its 200-day moving average is $32.37. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 26.38 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The firm had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. 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, equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

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.