BOX (NYSE:BOX) VP Eli Berkovitch Sells 6,300 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 6,300 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total value of $159,768.00. Following the sale, the vice president owned 115,679 shares of the company’s stock, valued at $2,933,619.44. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Wednesday, April 8th, Eli Berkovitch sold 24,500 shares of BOX stock. The stock was sold at an average price of $23.85, for a total value of $584,325.00.

BOX Stock Performance

Shares of NYSE:BOX traded up $1.72 during trading on Friday, reaching $26.97. 4,629,182 shares of the stock were exchanged, compared to its average volume of 2,612,781. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $38.80. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $26.36.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The business had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’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. As a group, equities research analysts forecast that Box, Inc. will post 0.34 EPS for the current year.

BOX announced that its Board of Directors has initiated a share buyback program on Thursday, March 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to buy up to 14.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group boosted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Citigroup increased their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BOX currently has a consensus rating of “Hold” and a consensus target price of $35.33.

Hedge Funds Weigh In On BOX

Institutional investors have recently made changes to their positions in the business. Capital Fund Management S.A. raised its position in shares of BOX by 19.9% in the 3rd quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock valued at $12,201,000 after purchasing an additional 62,630 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of BOX in the 2nd quarter valued at approximately $484,000. First Trust Advisors LP raised its position in shares of BOX by 6.2% during the 3rd quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock valued at $41,097,000 after acquiring an additional 74,758 shares in the last quarter. Natixis Advisors LLC raised its position in shares of BOX by 19.5% during the 3rd quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock valued at $22,018,000 after acquiring an additional 111,153 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of BOX by 5.4% during the 3rd quarter. Principal Financial Group Inc. now owns 845,175 shares of the software maker’s stock valued at $27,274,000 after acquiring an additional 43,655 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

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.