Olivia Nottebohm Sells 2,013 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,013 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $32.00, for a total transaction of $64,416.00. Following the completion of the sale, the chief operating officer directly owned 530,060 shares of the company’s stock, valued at $16,961,920. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Olivia Nottebohm also recently made the following trade(s):

• On Monday, July 21st, Olivia Nottebohm sold 2,013 shares of BOX stock. The stock was sold at an average price of $32.50, for a total transaction of $65,422.50.
• On Wednesday, June 25th, Olivia Nottebohm sold 2,013 shares of BOX stock. The stock was sold at an average price of $34.60, for a total transaction of $69,649.80.
• On Tuesday, June 10th, Olivia Nottebohm sold 1,329 shares of BOX stock. The stock was sold at an average price of $37.43, for a total transaction of $49,744.47.

BOX Price Performance

BOX stock opened at $31.10 on Wednesday. The company has a market cap of $4.47 billion, a PE ratio of 24.11 and a beta of 0.96. The company has a fifty day moving average price of $33.71 and a two-hundred day moving average price of $32.67. Box, Inc. has a 12 month low of $27.46 and a 12 month high of $38.80.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BOX shares. UBS Group raised shares of BOX from a “buy” rating to a “strong-buy” rating and raised their price target for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada raised their price target on shares of BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. Raymond James Financial reissued an “outperform” rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. JPMorgan Chase & Co. raised their price target 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. Finally, Wall Street Zen downgraded shares of BOX from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Institutional Investors Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the stock. TCTC Holdings LLC lifted its stake in BOX by 115.4% in the first 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 last quarter. Caitong International Asset Management Co. Ltd lifted its stake in BOX by 7,130.0% in the second 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 last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in BOX by 332.5% in the first 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 last quarter. MorganRosel Wealth Management LLC bought a new stake in BOX in the first quarter valued at $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in BOX in the first quarter valued at $31,000. 86.74% of the stock is currently owned by institutional investors.

About BOX

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.