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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of BOX stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total transaction of $170,837.76. Following the transaction, the chief operating officer directly owned 552,211 shares in the company, valued at approximately $14,451,361.87. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90.
• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The shares were sold at an average price of $25.00, for a total transaction of $148,550.00.
• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The shares were sold at an average price of $24.07, for a total transaction of $157,128.96.

BOX Stock Down 3.5%

Shares of BOX stock opened at $25.54 on Friday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.74. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.40. The firm’s 50 day moving average price is $24.84 and its two-hundred day moving average price is $26.08.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, equities analysts forecast that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 14.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on BOX shares. Citigroup lifted their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Morgan Stanley reduced their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. UBS Group boosted their target price on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Fund Management S.A. lifted its position in shares of BOX by 19.9% during the third quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock worth $12,201,000 after purchasing an additional 62,630 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in BOX in the second quarter valued at $484,000. First Trust Advisors LP raised its holdings in 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 acquiring an additional 74,758 shares in the last quarter. Natixis Advisors LLC raised its holdings in 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 acquiring an additional 111,153 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in BOX by 31.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 805,447 shares of the software maker’s stock valued at $24,091,000 after acquiring an additional 194,210 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

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.