Insider Selling: BOX (NYSE:BOX) CFO Sells 17,000 Shares of Stock

Key Points

• CFO Dylan Smith sold 17,000 shares on March 10 at an average price of $24.72 for $420,240, reducing his ownership by about 1.30% to 1,294,195 shares (disclosed in an SEC filing).
• Box reported an earnings beat with $0.49 EPS versus $0.33 expected and revenue of $305.88M (up 9.4% year‑over‑year); the stock trades around $24.66 with a $3.53B market cap and a consensus analyst rating of Hold (average target $35.57).

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan Smith sold 17,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total value of $420,240.00. Following the completion of the sale, the chief financial officer directly owned 1,294,195 shares of the company's stock, valued at approximately $31,992,500.40. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BOX Price Performance

Shares of BOX stock traded down $0.01 during trading hours on Thursday, reaching $24.66. The company had a trading volume of 3,634,558 shares, compared to its average volume of 2,623,845. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80. Box, Inc. has a 12 month low of $21.61 and a 12 month high of $38.80. The business has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $29.48.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.16. The business had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.BOX's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOX. CWM LLC increased its holdings in BOX by 25.6% in the 3rd quarter. CWM LLC now owns 1,503 shares of the software maker's stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in BOX by 3.6% during the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker's stock valued at $355,000 after purchasing an additional 361 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in BOX by 1.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker's stock worth $816,000 after purchasing an additional 387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BOX by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker's stock worth $147,000 after purchasing an additional 405 shares in the last quarter. Finally, Aviva PLC increased its stake in shares of BOX by 3.4% in the second quarter. Aviva PLC now owns 13,488 shares of the software maker's stock worth $461,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research analyst reports. UBS Group cut their target price on BOX from $31.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of BOX in a research report on Monday, December 29th. Morgan Stanley reduced their price objective on BOX from $38.00 to $33.00 and set an "equal weight" rating for the company in a research note on Thursday. DA Davidson reissued a "buy" rating and issued a $45.00 price target on shares of BOX in a report on Wednesday, December 3rd. Finally, Citigroup reduced their price target on shares of BOX from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $35.57.

BOX Company Profile

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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