Traders Buy High Volume of Call Options on BOX (NYSE:BOX)

Box, Inc. (NYSE:BOX) saw some unusual options trading activity on Wednesday. Traders purchased 5,195 call options on the company. Thisrepresentsanincreaseofapproximately199% compared to the typical volume of 1,737 call options.

Analyst Upgrades and Downgrades

BOX has been the subject of several research analyst reports. DA Davidson set a $45.00 price objective on shares of BOX and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Citigroup boosted their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, Morgan Stanley restated a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $39.00.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 5,123 shares of BOX stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the completion of the transaction, the director owned 15,284 shares in the company, valued at approximately $520,573.04. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the completion of the transaction, the chief executive officer owned 2,952,030 shares of the company’s stock, valued at $98,450,200.50. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,005 shares of company stock valued at $1,985,658 in the last ninety days. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. TCTC Holdings LLC grew its holdings in shares of BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock valued at $25,000 after buying an additional 442 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after buying an additional 713 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after buying an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of BOX in the 1st quarter valued at $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at $31,000. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Up 4.2%

NYSE:BOX opened at $32.48 on Thursday. BOX has a 12-month low of $28.00 and a 12-month high of $38.80. The firm has a market capitalization of $4.67 billion, a P/E ratio of 26.19 and a beta of 0.96. The stock’s fifty day simple moving average is $32.62 and its 200-day simple moving average is $32.52.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 20.49% and a net margin of 20.30%.The business had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, equities research analysts expect that BOX will post 0.27 earnings per share for the current year.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.