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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

BOX opened at $31.43 on Friday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 5.78 and a beta of 0.89. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The business has a 50 day moving average price of $32.49 and a two-hundred day moving average price of $31.22.

Institutional Investors Weigh In On BOX

Institutional investors and hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX during the 3rd quarter valued at $36,000. Quarry LP lifted its position in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of BOX by 143.1% during the 3rd 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 during the last quarter. Toronto Dominion Bank acquired a new stake in shares of BOX during the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC lifted its position in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after acquiring an additional 1,536 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BOX. UBS Group upped their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup upped their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America began coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

About BOX

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.