Wealth Enhancement Advisory Services LLC Invests $256,000 in Box, Inc. $BOX

Key Points

• Wealth Enhancement Advisory Services LLC purchased a new position in Box, Inc., investing approximately $256,000 for 7,685 shares.
• Several institutional investors, including MassMutual Private Wealth & Trust FSB and TCTC Holdings LLC, have significantly increased their positions, highlighting growing confidence in the company.
• Box, Inc. reported a quarterly earnings surprise with $0.33 earnings per share, exceeding market expectations and reflecting an 8.9% year-over-year revenue increase.

Wealth Enhancement Advisory Services LLC purchased a new position in Box, Inc. (NYSE:BOX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,685 shares of the software maker's stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BOX. TCTC Holdings LLC grew its position in shares of BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after buying an additional 442 shares during the period. MorganRosel Wealth Management LLC bought a new stake in BOX in the first quarter valued at approximately $31,000. Geneos Wealth Management Inc. bought a new stake in BOX in the first quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB increased its stake in 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. Finally, Covestor Ltd raised its stake in BOX by 29.9% during the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after buying an additional 493 shares during the period. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

BOX stock opened at $33.04 on Friday. The firm has a 50-day moving average of $32.20 and a 200-day moving average of $32.48. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 26.64 and a beta of 0.90.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. 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, sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, Director Jack R. Lazar sold 5,000 shares of the company's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the sale, the director directly owned 27,855 shares of the company's stock, valued at approximately $896,931. This represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 51,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the sale, the chief financial officer directly owned 1,480,732 shares of the company's stock, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,526 shares of company stock valued at $2,572,014 in the last 90 days. Company insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BOX shares. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. UBS Group cut BOX from a "buy" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Zacks Research cut BOX from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Citigroup lifted their price objective on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada upped their price target on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.25.

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.

Want to see what other hedge funds are holding BOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Box, Inc. (NYSE:BOX - Free Report).

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.