Olivia Nottebohm Sells 5,834 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,834 shares of BOX stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $30.13, for a total value of $175,778.42. Following the transaction, the chief operating officer owned 519,216 shares of the company’s stock, valued at $15,643,978.08. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, June 10th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $26.17, for a total value of $170,837.76.
• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The stock was sold at an average price of $25.17, for a total value 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 value of $148,550.00.

BOX Stock Up 2.7%

BOX opened at $32.36 on Thursday. The business’s fifty day simple moving average is $27.43 and its 200 day simple moving average is $25.56. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $33.88. The firm has a market cap of $4.48 billion, a P/E ratio of 49.79, a PEG ratio of 11.12 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lifted their target price on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. UBS Group lifted their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, DA Davidson reiterated a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.33.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently made changes to their positions in BOX. Assenagon Asset Management S.A. acquired a new stake in shares of BOX during the 2nd quarter worth $231,000. GAMMA Investing LLC boosted its holdings in BOX by 37.6% in the second quarter. GAMMA Investing LLC now owns 9,963 shares of the software maker’s stock valued at $264,000 after acquiring an additional 2,721 shares during the last quarter. Central Pacific Bank Trust Division grew its position in BOX by 8.6% during the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock valued at $187,000 after acquiring an additional 560 shares during the period. Pacer Advisors Inc. grew its position in BOX by 13,002.6% during the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock valued at $11,876,000 after acquiring an additional 498,521 shares during the period. Finally, Edgestream Partners L.P. increased its stake in BOX by 7.8% during the first quarter. Edgestream Partners L.P. now owns 161,154 shares of the software maker’s stock worth $3,810,000 after acquiring an additional 11,685 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.