Olivia Nottebohm Sells 5,942 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,942 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $25.00, for a total value of $148,550.00. Following the completion of the sale, the chief operating officer directly owned 571,209 shares in the company, valued at $14,280,225. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $24.07, for a total value of $157,128.96.
• On Friday, March 6th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $25.78, for a total transaction of $118,897.36.

BOX Trading Up 0.1%

BOX stock opened at $25.24 on Wednesday. The firm has a 50-day moving average price of $23.98 and a 200-day moving average price of $27.23. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $38.80. The stock has a market capitalization of $3.49 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.71.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The business had revenue of $305.88 million during the quarter, compared to analysts’ expectations of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. As a group, equities analysts predict that Box, Inc. will post 0.34 EPS for the current fiscal year.

BOX announced that its board has authorized a share repurchase program on Thursday, March 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 14.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BOX. Morgan Stanley dropped their price target on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Citigroup lowered their target price on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. DA Davidson reiterated a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Friday, March 20th. UBS Group cut their price target on BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Finally, Wall Street Zen upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BOX presently has an average rating of “Hold” and an average price target of $35.57.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in BOX by 2.8% in the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock valued at $596,576,000 after purchasing an additional 497,658 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in BOX by 15.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after buying an additional 604,946 shares during the period. RGM Capital LLC lifted its holdings in BOX by 8.2% during the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after buying an additional 251,520 shares during the period. Sei Investments Co. grew its position in shares of BOX by 2.9% in the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after buying an additional 94,289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after buying an additional 3,053,829 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.