Jack Lazar Sells 5,000 Shares of BOX (NYSE:BOX) Stock

Key Points

• Jack Lazar, a director at Box, Inc. (NYSE:BOX), sold 5,000 shares at an average price of $32.20, resulting in a total sale value of $161,000, which decreased his ownership in the company by 15.22%.
• Box, Inc. recently reported quarterly earnings of $0.33 per share, surpassing analyst expectations, with revenue of $294 million, marking an increase of 8.9% year-over-year.
• Institutional investors and hedge funds hold approximately 86.74% of Box, Inc.’s stock, with several firms increasing their stakes significantly in recent quarters.

Box, Inc. (NYSE:BOX - Get Free Report) Director Jack Lazar sold 5,000 shares of the business's stock in a transaction that occurred on 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 owned 27,855 shares in the company, valued at approximately $896,931. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BOX Price Performance

Shares of BOX traded down $0.01 on Tuesday, reaching $32.28. 1,401,899 shares of the stock traded hands, compared to its average volume of 1,937,595. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 26.03 and a beta of 0.95. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The stock's 50-day moving average price is $32.23 and its 200-day moving average price is $32.39.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business had revenue of $294.00 million for the quarter, compared to analysts' expectations of $290.19 million. During the same period in the previous year, the business posted $0.44 earnings per share. BOX's quarterly revenue was up 8.9% on a year-over-year basis. 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, equities research analysts forecast that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Wealth Enhancement Advisory Services LLC boosted its stake in BOX by 10.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,127 shares of the software maker's stock worth $225,000 after purchasing an additional 679 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of BOX by 519.4% during the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after acquiring an additional 1,636 shares during the period. GAMMA Investing LLC lifted its stake in shares of BOX by 8,676.2% during the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after acquiring an additional 126,152 shares during the period. Portside Wealth Group LLC acquired a new position in shares of BOX during the first quarter valued at $298,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of analyst reports. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Royal Bank Of Canada upped their price target on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research report on Wednesday, August 27th. Zacks Research cut BOX from a "strong-buy" rating to a "hold" rating in a research report on Friday. Citigroup upped their price target on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, UBS Group cut BOX from a "buy" rating to a "neutral" rating and lowered their price target for the company from $42.00 to $36.00 in a research report on Thursday, September 18th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.25.

BOX Company Profile

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.

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