BOX (NYSE:BOX) COO Olivia Nottebohm Sells 4,612 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 4,612 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total value of $120,096.48. Following the sale, the chief operating officer directly owned 469,831 shares of the company’s stock, valued at approximately $12,234,399.24. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, December 26th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $29.84, for a total value of $137,622.08.
• On Monday, November 10th, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $31.35, for a total value of $144,586.20.

BOX Stock Performance

BOX traded down $0.14 on Friday, reaching $26.50. 1,499,659 shares of the company’s stock were exchanged, compared to its average volume of 2,729,250. Box, Inc. has a twelve month low of $25.74 and a twelve month high of $38.80. The company’s 50 day moving average is $29.53 and its 200-day moving average is $31.38. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.07 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BOX during the second quarter worth $256,000. Mackenzie Financial Corp boosted its holdings in shares of BOX by 15.2% in the 2nd quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after buying an additional 73,896 shares during the period. Creative Planning grew its position in shares of BOX by 84.3% during the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock valued at $1,341,000 after buying an additional 17,950 shares during the last quarter. 111 Capital acquired a new stake in BOX during the second quarter worth about $659,000. Finally, Neuberger Berman Group LLC lifted its holdings in BOX by 38.1% in the second quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock worth $32,637,000 after acquiring an additional 263,619 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a report on Wednesday, December 3rd. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

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.