Olivia Nottebohm Sells 3,434 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 3,434 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.54, for a total value of $108,308.36. Following the completion of the sale, the chief operating officer now owns 556,011 shares of the company’s stock, valued at $17,536,586.94. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, April 21st, Olivia Nottebohm sold 2,105 shares of BOX stock. The shares were sold at an average price of $29.52, for a total value of $62,139.60.
• On Monday, April 7th, Olivia Nottebohm sold 1,332 shares of BOX stock. The shares were sold at an average price of $29.01, for a total value of $38,641.32.
• On Tuesday, March 25th, Olivia Nottebohm sold 2,105 shares of BOX stock. The stock was sold at an average price of $30.76, for a total value of $64,749.80.

BOX Trading Down 0.3%

BOX opened at $31.61 on Thursday. The company has a fifty day moving average price of $30.66 and a two-hundred day moving average price of $32.17. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The company has a market cap of $4.55 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

BOX announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BOX. Integrated Quantitative Investments LLC acquired a new stake in BOX in the fourth quarter valued at approximately $1,418,000. Bryce Point Capital LLC bought a new position in shares of BOX in the 4th quarter worth $1,620,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in BOX in the 4th quarter valued at $5,997,000. Robeco Institutional Asset Management B.V. bought a new stake in BOX during the 4th quarter valued at $981,000. Finally, Sei Investments Co. increased its stake in BOX by 8.4% during the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after purchasing an additional 255,623 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BOX. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. Raymond James reiterated an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on shares of BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $36.44.

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.