BOX (NYSE:BOX) Issues Quarterly Earnings Results

BOX (NYSE:BOX) released its earnings results on Tuesday. The software maker reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40, FiscalAI reports. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $321.15 million for the quarter, compared to analysts’ expectations of $319.33 million. BOX updated its Q3 2027 guidance to 0.390-0.390 EPS.

BOX Stock Performance

Shares of BOX traded down $0.51 during mid-day trading on Tuesday, hitting $32.96. 3,195,474 shares of the company traded hands, compared to its average volume of 2,587,051. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 11.61 and a beta of 0.73. The stock has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $26.31. BOX has a 1 year low of $21.34 and a 1 year high of $33.88.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.05, for a total transaction of $493,850.00. Following the transaction, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX 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 sale, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. The trade was a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 77,996 shares of company stock worth $2,116,005. Company insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd increased its holdings in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after buying an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of BOX during the 2nd quarter valued at $22,626,000. Invesco Ltd. grew its position in shares of BOX by 101.1% during the 2nd quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock valued at $39,009,000 after acquiring an additional 573,817 shares during the period. Marshall Wace LLP increased its stake in shares of BOX by 48.0% in the 4th quarter. Marshall Wace LLP now owns 1,747,027 shares of the software maker’s stock worth $52,254,000 after purchasing an additional 566,502 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in BOX by 294.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 449,973 shares of the software maker’s stock valued at $13,459,000 after purchasing an additional 336,023 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group lifted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Three 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 company. According to data from MarketBeat, BOX presently has an average rating of “Hold” and an average price target of $35.33.

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.