Insider Selling: BOX (NYSE:BOX) VP Sells $138,561.50 in Stock

Key Points

• BOX VP Eli Berkovitch sold 3,850 shares at an average price of $35.99, generating $138,561.50. He retained 105,404 shares valued at approximately $3.79 million.
• BOX shares fell 2.0% to $35.06, near their 12-month high of $36.34. The company reported quarterly revenue of $321.15 million, up 9.2% year over year, while meeting analysts’ EPS estimate of $0.40.
• Analyst sentiment remains mixed, with three Buy, five Hold and one Sell rating; the consensus target price is $37.80. Institutional investors own 86.74% of BOX’s outstanding shares.

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 3,850 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the sale, the vice president owned 105,404 shares in the company, valued at approximately $3,793,489.96. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, July 8th, Eli Berkovitch sold 1,800 shares of BOX stock. The shares were sold at an average price of $28.95, for a total value of $52,110.00.
• On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The shares were sold at an average price of $25.32, for a total value of $68,364.00.

BOX Trading Down 2.0%

Shares of NYSE:BOX traded down $0.72 during midday trading on Tuesday, hitting $35.06. 4,145,738 shares of the stock were exchanged, compared to its average volume of 2,670,393. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $36.34. The company has a 50 day moving average price of $30.64 and a 200-day moving average price of $26.66. The stock has a market cap of $4.85 billion, a P/E ratio of 50.81, a PEG ratio of 11.65 and a beta of 0.73.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million for the quarter, compared to analysts' expectations of $319.33 million. During the same period in the prior year, the company earned $0.33 EPS. The firm's revenue was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities research analysts expect that Box, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently modified their holdings of BOX. Geneos Wealth Management Inc. purchased a new stake in BOX in the 1st quarter worth approximately $31,000. Employees Retirement System of Texas acquired a new position in BOX in the 3rd quarter valued at $35,000. CIBC Private Wealth Group LLC lifted its stake in shares of BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock worth $39,000 after purchasing an additional 1,138 shares during the period. Toronto Dominion Bank purchased a new position in shares of BOX during the 4th quarter worth $60,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of BOX by 337.7% during the fourth quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker's stock worth $60,000 after purchasing an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings upgraded BOX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 23rd. Morgan Stanley increased their target price on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. DA Davidson boosted their price target on BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Bank of America restated a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BOX has an average rating of "Hold" and a consensus target price of $37.80.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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