Olivia Nottebohm Sells 6,079 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89. Following the completion of the transaction, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at approximately $14,265,907.97. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $395,385.90.

BOX Trading Down 1.4 %

BOX opened at $31.40 on Thursday. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 5.72 and a beta of 0.89. The company has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $31.21.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BOX. Citigroup raised their price objective on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. Morgan Stanley upped their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Bank of America began coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned 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 an average target price of $35.89.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in BOX during the 3rd quarter worth approximately $36,000. Quarry LP increased its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares during the last quarter. GAMMA Investing LLC raised its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new position in BOX during the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC grew its holdings in BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares in the last quarter. 86.74% of the stock is 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.