Box, Inc. $BOX Stock: State of Alaska Department of Revenue Reduces Position

State of Alaska Department of Revenue decreased its position in Box, Inc. (NYSE:BOX) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,621 shares of the software maker’s stock after selling 23,340 shares during the period. State of Alaska Department of Revenue’s holdings in BOX were worth $991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC increased its position in BOX by 408.2% in the third quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock worth $25,000 after buying an additional 600 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of BOX in the second quarter valued at $56,000. Farther Finance Advisors LLC raised its stake in shares of BOX by 34.8% in the third quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after buying an additional 567 shares during the period. Versant Capital Management Inc raised its stake in shares of BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after buying an additional 314 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of BOX in the second quarter valued at $102,000. 86.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BOX shares. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Royal Bank Of Canada reissued an “underperform” rating and issued a $26.00 price objective on shares of BOX in a report on Wednesday, August 26th. Wall Street Zen lowered BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Morgan Stanley boosted their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Finally, DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.80.

BOX Trading Up 0.6%

Shares of BOX stock opened at $41.99 on Thursday. The stock has a market capitalization of $5.76 billion, a P/E ratio of 60.86, a PEG ratio of 10.98 and a beta of 0.72. The firm’s 50 day moving average is $34.90 and its 200 day moving average is $29.65. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $42.55.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period last year, the firm earned $0.33 EPS. BOX’s revenue for the quarter 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 analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Insider Activity

In other news, Director Dana Evan sold 6,158 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the transaction, the director directly owned 115,739 shares of the company’s stock, valued at $4,050,865. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $36.56, for a total value of $621,520.00. Following the completion of the transaction, the chief financial officer directly owned 1,293,100 shares of the company’s stock, valued at $47,275,736. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 70,135 shares of company stock valued at $2,447,157. 3.99% of the stock is currently owned by corporate insiders.

BOX Profile

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.