Olivia Nottebohm Sells 6,528 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $24.07, for a total value of $157,128.96. Following the transaction, the chief operating officer owned 487,488 shares of the company’s stock, valued at $11,733,836.16. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, March 6th, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $25.78, for a total value of $118,897.36.
• On Wednesday, January 21st, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $26.04, for a total value of $120,096.48.

BOX Price Performance

NYSE:BOX opened at $22.46 on Friday. Box, Inc. has a 12-month low of $21.61 and a 12-month high of $38.80. The firm has a market capitalization of $3.11 billion, a P/E ratio of 38.06, a P/E/G ratio of 1.19 and a beta of 0.71. The business has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $28.28.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The business had revenue of $305.88 million during the quarter, compared to analyst estimates of $305.64 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its board has initiated a share buyback plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on BOX. Morgan Stanley reduced their price target on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Friday, March 20th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, William Blair reiterated a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.57.

Institutional Trading of BOX

Institutional investors have recently modified their holdings of the company. Capital Fund Management S.A. lifted its holdings in shares of BOX by 19.9% in the third quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock valued at $12,201,000 after buying an additional 62,630 shares during the period. Mizuho Markets Americas LLC acquired a new stake in shares of BOX in the third quarter valued at $20,851,000. First Trust Advisors LP lifted its holdings in shares of BOX by 6.2% in the third quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock valued at $41,097,000 after buying an additional 74,758 shares during the period. Natixis Advisors LLC lifted its holdings in shares of BOX by 19.5% in the third quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock valued at $22,018,000 after buying an additional 111,153 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of BOX in the second quarter valued at $484,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.