BOX (NYSE:BOX) COO Olivia Nottebohm Sells 6,528 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total transaction of $170,837.76. Following the completion of the sale, the chief operating officer owned 552,211 shares in the company, valued at $14,451,361.87. The trade was a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90.
• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The shares were sold at an average price of $25.00, for a total transaction of $148,550.00.
• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The shares were sold at an average price of $24.07, for a total transaction of $157,128.96.

BOX Trading Down 0.3%

Shares of NYSE:BOX opened at $26.46 on Thursday. The firm’s 50 day moving average is $24.80 and its two-hundred day moving average is $26.12. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.46. The firm has a market capitalization of $3.66 billion, a P/E ratio of 40.70, a PEG ratio of 1.50 and a beta of 0.74.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter last year, the business earned $0.30 earnings per share. BOX’s revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts predict that Box, Inc. will post 0.31 EPS for the current year.

BOX announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BOX shares. William Blair reiterated a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup increased their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. UBS Group increased their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOX. First Horizon Corp boosted its holdings in BOX by 148.1% during the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in BOX in the fourth quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new position in BOX in the first quarter worth approximately $31,000. Employees Retirement System of Texas acquired a new position in BOX in the third quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC grew its position in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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.