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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of the firm’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 transaction of $157,128.96. Following the completion of the transaction, the chief operating officer directly owned 487,488 shares of the company’s stock, valued at approximately $11,733,836.16. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction 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 transaction of $120,096.48.

BOX Stock Performance

NYSE BOX opened at $23.22 on Thursday. The firm has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $28.32. Box, Inc. has a one year low of $21.61 and a one year high of $38.80. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.23 and a beta of 0.71.

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

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in BOX by 2.8% in the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after acquiring an additional 497,658 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in BOX by 15.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after acquiring an additional 604,946 shares during the last quarter. RGM Capital LLC lifted its stake in BOX by 8.2% in the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after acquiring an additional 251,520 shares during the last quarter. Sei Investments Co. lifted its stake in BOX by 2.9% in the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after acquiring an additional 94,289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BOX shares. Morgan Stanley lowered their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Friday, March 20th. William Blair reiterated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. UBS Group decreased their price target on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Finally, Citigroup decreased their price target on shares of BOX from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BOX currently has an average rating of “Hold” and an average target price of $35.57.

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.