Aaron Levie Sells 15,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer owned 2,874,673 shares in the company, valued at $69,912,047.36. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Stock Up 1.9%

Shares of BOX stock traded up $0.48 during trading on Wednesday, reaching $25.46. 1,940,301 shares of the company were exchanged, compared to its average volume of 2,429,061. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $34.86. The business has a 50-day moving average price of $25.16 and a 200-day moving average price of $25.75. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.41 and a beta of 0.74.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 14.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. William Blair reissued a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Morgan Stanley lowered their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.33.

Institutional Trading of BOX

Several hedge funds have recently bought and sold shares of BOX. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BOX by 823,134.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after buying an additional 3,053,829 shares during the period. Norges Bank acquired a new stake in shares of BOX during the fourth quarter worth $58,814,000. Qube Research & Technologies Ltd lifted its position in BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after acquiring an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in BOX in the 2nd quarter valued at $22,626,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after purchasing an additional 604,946 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.