BOX (NYSE:BOX – Get Rating) issued an update on its FY 2023 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.11-$1.15 for the period, compared to the consensus EPS estimate of $1.13. The company issued revenue guidance of $992.00 million-$996.00 million, compared to the consensus revenue estimate of $993.51 million.BOX also updated its Q2 2023 guidance to $0.27-$0.28 EPS.
Shares of BOX stock traded up $0.62 during trading hours on Wednesday, reaching $26.06. 2,339,777 shares of the company’s stock were exchanged, compared to its average volume of 1,808,515. The stock’s fifty day moving average price is $29.25 and its two-hundred day moving average price is $27.01. The stock has a market cap of $3.74 billion, a PE ratio of -74.29 and a beta of 1.15. BOX has a 1 year low of $22.18 and a 1 year high of $33.04.
BOX (NYSE:BOX – Get Rating) last released its quarterly earnings data on Wednesday, March 2nd. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $233.36 million during the quarter, compared to analysts’ expectations of $228.60 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts expect that BOX will post -0.12 earnings per share for the current fiscal year.
In related news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $29.05, for a total transaction of $435,750.00. Following the completion of the sale, the chief financial officer now directly owns 1,462,315 shares of the company’s stock, valued at $42,480,250.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 8,000 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $28.36, for a total transaction of $226,880.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,000 shares of company stock worth $1,091,930. Corporate insiders own 6.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of BOX. Millennium Management LLC increased its position in shares of BOX by 108.1% during the third quarter. Millennium Management LLC now owns 44,336 shares of the software maker’s stock worth $1,049,000 after acquiring an additional 594,526 shares in the last quarter. PDT Partners LLC lifted its stake in BOX by 72.1% during the 1st quarter. PDT Partners LLC now owns 35,921 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 15,046 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in BOX by 54.5% during the first quarter. Natixis Advisors L.P. now owns 22,540 shares of the software maker’s stock worth $655,000 after purchasing an additional 7,953 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of BOX by 1.6% in the third quarter. Royal Bank of Canada now owns 27,357 shares of the software maker’s stock valued at $648,000 after acquiring an additional 443 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in BOX by 16.2% during the third quarter. LPL Financial LLC now owns 27,080 shares of the software maker’s stock worth $641,000 after acquiring an additional 3,778 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.
About BOX (Get Rating)
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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