Insider Selling: BOX (NYSE:BOX) Director Sells 6,158 Shares of Stock

Key Points

• Box director Dana Evan sold 6,158 shares at an average price of $35, generating $215,530 and reducing their direct ownership by 5.05% to 115,739 shares.
• BOX shares fell 0.4% to $34.66, while the company reported quarterly revenue of $321.15 million, up 9.2% year over year, and adjusted earnings of $0.40 per share, in line with analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $37.80; institutional investors and hedge funds own 86.74% of the stock.

Box, Inc. (NYSE:BOX - Get Free Report) Director Dana Evan sold 6,158 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the sale, the director directly owned 115,739 shares of the company's stock, valued at approximately $4,050,865. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Stock Down 0.4%

NYSE:BOX traded down $0.14 during mid-day trading on Wednesday, reaching $34.66. 2,754,433 shares of the stock were exchanged, compared to its average volume of 2,646,646. The stock has a market capitalization of $4.76 billion, a P/E ratio of 50.23, a P/E/G ratio of 11.36 and a beta of 0.73. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $36.34. The company has a 50 day simple moving average of $32.37 and a 200-day simple moving average of $27.58.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to analysts' expectations of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. 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, research analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank Of Canada restated an "underperform" rating and issued a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 26th. Weiss Ratings raised BOX from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 23rd. Bank of America restated a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Citigroup upped their price objective on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.80.

Hedge Funds Weigh In On BOX

Institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of BOX by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker's stock worth $827,000 after buying an additional 449 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in BOX by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,158 shares of the software maker's stock valued at $992,000 after buying an additional 556 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in BOX by 8.6% in the 2nd quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker's stock valued at $187,000 after buying an additional 560 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in BOX by 4.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,860 shares of the software maker's stock worth $399,000 after acquiring an additional 675 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in BOX by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,018 shares of the software maker's stock worth $331,000 after acquiring an additional 1,110 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company's primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.

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