BOX (NYSE:BOX) CFO Sells $710,940.00 in Stock

Key Points

• Box CFO Dylan Smith sold 17,000 shares for $710,940 at an average price of $41.82, reducing his stake by 1.31% to 1,276,100 shares.
• BOX shares recently traded at $43.66, near the 52-week high of $44.88. Analysts’ average rating is “Hold,” with an average price target of $39.80, though DA Davidson raised its target to $60 and maintained a Buy rating.
• Box’s latest reported quarter showed revenue up 9.2% year over year to $321.15 million, slightly above estimates; EPS of $0.40 matched consensus.

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $41.82, for a total value of $710,940.00. Following the completion of the transaction, the chief financial officer owned 1,276,100 shares of the company's stock, valued at approximately $53,366,502. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BOX Stock Performance

Shares of BOX stock traded up $0.03 on Friday, reaching $43.66. 1,333,780 shares of the company were exchanged, compared to its average volume of 2,646,646. The company's 50-day moving average is $37.85 and its two-hundred day moving average is $29.49. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 63.27, a P/E/G ratio of 11.45 and a beta of 0.65. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $44.88.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The business had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. As a group, sell-side analysts forecast that Box, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on BOX shares. DA Davidson raised their target price on BOX from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, October 4th. Royal Bank Of Canada reiterated an "underperform" rating and issued a $26.00 price target on shares of BOX in a research report on Wednesday, August 26th. Bank of America reaffirmed a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. Finally, Citigroup lifted their target price on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BOX has an average rating of "Hold" and an average price target of $39.80.

Hedge Funds Weigh In On BOX

Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in BOX by 19.1% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 7,987 shares of the software maker's stock worth $267,000 after acquiring an additional 1,280 shares during the period. Voya Investment Management LLC boosted its holdings in shares of BOX by 483.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,064,011 shares of the software maker's stock worth $35,623,000 after acquiring an additional 881,609 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in BOX by 87.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 890,857 shares of the software maker's stock worth $29,826,000 after acquiring an additional 415,193 shares during the last quarter. Cibc World Market Inc. bought a new stake in BOX during the 3rd quarter worth about $452,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in BOX by 130.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 83,361 shares of the software maker's stock valued at $2,791,000 after buying an additional 47,175 shares during the period. Institutional investors own 86.74% of the company's stock.

BOX Company Profile

Box, Inc. provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices. The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content. Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.

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