Box, Inc. $BOX Holdings Cut by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its holdings in Box, Inc. (NYSE:BOX) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 228,250 shares of the software maker’s stock after selling 21,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in BOX were worth $6,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Horizon Corp lifted its holdings in BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX in the fourth quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOX in the first quarter valued at approximately $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX in the third quarter valued at approximately $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares during the period. Institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 24,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $23.85, for a total transaction of $584,325.00. Following the transaction, the vice president owned 95,516 shares in the company, valued at $2,278,056.60. This trade represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 23,720 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $24.96, for a total transaction of $592,051.20. Following the transaction, the chief financial officer owned 1,381,049 shares in the company, valued at $34,470,983.04. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 143,386 shares of company stock valued at $3,505,620. 3.99% of the stock is currently owned by company insiders.

BOX Trading Up 6.8%

Shares of NYSE:BOX opened at $26.97 on Friday. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $38.80. The firm has a market capitalization of $3.73 billion, a P/E ratio of 41.49, a PEG ratio of 1.37 and a beta of 0.71. The firm’s 50 day moving average is $24.28 and its two-hundred day moving average is $26.37.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts predict that Box, Inc. will post 0.34 EPS for the current year.

BOX declared that its board has approved a share buyback plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 14.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on BOX shares. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley dropped their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday. Finally, William Blair restated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BOX presently has an average rating of “Hold” and a consensus target price of $35.33.

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.