Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 2,013 Shares

Key Points

• Box, Inc. COO Olivia Nottebohm sold 2,013 shares at an average price of $32.00, totaling $64,416, which reduced her ownership to 530,060 shares.
• The stock of Box, Inc. is currently trading at $31.09, reflecting a decline of 2.3% in the market, with a market capitalization of $4.47 billion.
• Box, Inc. recently reported quarterly earnings of $0.30 EPS, exceeding analysts' expectations of $0.25 and showing a year-over-year revenue increase of 4.4%.

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 2,013 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $32.00, for a total value of $64,416.00. Following the sale, the chief operating officer owned 530,060 shares of the company's stock, valued at approximately $16,961,920. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, July 21st, Olivia Nottebohm sold 2,013 shares of BOX stock. The stock was sold at an average price of $32.50, for a total value of $65,422.50.
• On Wednesday, June 25th, Olivia Nottebohm sold 2,013 shares of BOX stock. The shares were sold at an average price of $34.60, for a total value of $69,649.80.
• On Tuesday, June 10th, Olivia Nottebohm sold 1,329 shares of BOX stock. The stock was sold at an average price of $37.43, for a total transaction of $49,744.47.

BOX Trading Down 2.3%

NYSE:BOX traded down $0.73 during mid-day trading on Monday, hitting $31.09. The stock had a trading volume of 1,697,832 shares, compared to its average volume of 1,908,225. Box, Inc. has a twelve month low of $27.18 and a twelve month high of $38.80. The stock has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $32.68. The company has a market capitalization of $4.47 billion, a PE ratio of 24.10 and a beta of 0.96.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The company's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Sell-side analysts predict that Box, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOX has been the topic of several research reports. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 target price (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and increased their price target for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Institutional Trading of BOX

A number of institutional investors have recently bought and sold shares of the business. TCTC Holdings LLC grew its stake in shares of BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock valued at $25,000 after acquiring an additional 713 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of BOX during the 1st quarter worth $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in BOX during the first quarter worth about $31,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

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.

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