Olivia Nottebohm Sells 2,105 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,105 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total value of $64,749.80. Following the completion of the transaction, the chief operating officer now owns 427,113 shares in the company, valued at $13,137,995.88. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 10th, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $34.42, for a total value of $209,239.18.
• On Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The stock was sold at an average price of $31.91, for a total value of $193,980.89.
• On Thursday, December 26th, Olivia Nottebohm sold 12,414 shares of BOX stock. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Stock Performance

Shares of BOX stock opened at $31.61 on Friday. The stock has a fifty day moving average price of $32.70 and a 200 day moving average price of $32.66. The stock has a market cap of $4.55 billion, a PE ratio of 39.52, a P/E/G ratio of 4.42 and a beta of 1.00. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74.

BOX declared that its board has initiated a stock repurchase program on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

BOX has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, March 19th. Citigroup raised their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Bank of America started coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.11.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently made changes to their positions in BOX. Earnest Partners LLC raised its position in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker’s stock worth $249,543,000 after acquiring an additional 162,437 shares during the last quarter. State Street Corp increased its stake in shares of BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the last quarter. Sei Investments Co. lifted its stake in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after buying an additional 255,623 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.