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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $25.78, for a total value of $118,897.36. Following the completion of the sale, the chief operating officer directly owned 465,219 shares in the company, valued at approximately $11,993,345.82. The trade was a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

BOX Stock Performance

BOX stock opened at $25.42 on Tuesday. The firm has a fifty day moving average price of $25.75 and a 200 day moving average price of $29.59. Box, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $38.80. The firm has a market cap of $3.64 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

BOX (NYSE:BOX) last released its quarterly earnings results 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 net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. BOX’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Box, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. UBS Group reduced their price objective on BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Citigroup decreased their price objective on BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BOX has an average rating of “Hold” and a consensus target price of $36.29.

Institutional Investors Weigh In On BOX

Several institutional investors have recently made changes to their positions in BOX. Mackenzie Financial Corp boosted its stake in shares of BOX by 15.2% during the second quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after purchasing an additional 73,896 shares during the period. Creative Planning increased its stake in BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock worth $1,341,000 after buying an additional 17,950 shares during the period. Neuberger Berman Group LLC lifted its holdings in BOX by 38.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock valued at $32,637,000 after buying an additional 263,619 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in BOX during the 3rd quarter valued at about $20,851,000. Finally, Trek Financial LLC purchased a new stake in BOX in the 2nd quarter valued at about $6,276,000. Institutional investors 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.