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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the transaction, the chief operating officer directly owned 513,382 shares of the company’s stock, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 21st, Olivia Nottebohm sold 5,834 shares of BOX stock. The shares were sold at an average price of $30.13, for a total transaction of $175,778.42.
• 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 transaction of $170,837.76.

BOX Trading Up 4.3%

NYSE:BOX traded up $1.38 during trading hours on Friday, reaching $33.23. The company had a trading volume of 2,078,710 shares, compared to its average volume of 2,606,674. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 11.29 and a beta of 0.73. The firm’s 50 day moving average price is $28.17 and its 200-day moving average price is $25.72. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $33.88.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. 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, analysts forecast that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently modified their holdings of BOX. Arrowstreet Capital Limited Partnership increased its stake in shares of BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after purchasing an additional 407,733 shares in the last quarter. RGM Capital LLC lifted its stake in shares of BOX by 8.2% during the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after buying an additional 251,520 shares in the last quarter. Sei Investments Co. lifted its stake in shares of BOX by 2.9% during the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after buying an additional 94,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after buying an additional 3,053,829 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after buying an additional 13,983 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BOX shares. Citigroup increased their price target on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Finally, UBS Group upped their price target on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.33.

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.