Insider Selling: Box, Inc. (NYSE:BOX) COO Sells 6,079 Shares of Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the completion of the transaction, the chief operating officer now owns 447,067 shares of the company’s stock, valued at $14,265,907.97. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 26th, Olivia Nottebohm sold 12,414 shares of BOX stock. The stock was sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Trading Up 0.2 %

Shares of NYSE:BOX opened at $31.53 on Friday. The company has a 50 day moving average of $32.45 and a 200 day moving average of $31.26. Box, Inc. has a 12 month low of $24.56 and a 12 month high of $35.74. The stock has a market cap of $4.53 billion, a P/E ratio of 39.41, a P/E/G ratio of 5.70 and a beta of 0.89.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. purchased a new position in BOX during the third quarter worth about $46,236,000. Earnest Partners LLC grew its holdings in shares of BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after purchasing an additional 620,450 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after purchasing an additional 229,314 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in BOX during the third quarter valued at approximately $4,314,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on BOX shares. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. Citigroup upped their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

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.