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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the sale, the chief operating officer now owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. The trade was a 1.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $31.91, for a total transaction 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 Price Performance

Shares of BOX opened at $34.65 on Wednesday. The firm has a 50 day simple moving average of $32.27 and a 200-day simple moving average of $31.93. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOX. Itau Unibanco Holding S.A. acquired a new stake in BOX during the third quarter worth approximately $36,000. GAMMA Investing LLC boosted its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after acquiring an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC boosted its position in BOX by 245.4% during the third 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 during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in BOX during the fourth quarter worth approximately $132,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BOX shares. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. UBS Group increased their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. DA Davidson started coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Citigroup increased their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, BOX currently 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.