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

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 Monday, July 21st. The shares were sold at an average price of $32.50, for a total value of $65,422.50. Following the completion of the transaction, the chief operating officer owned 532,073 shares of the company's stock, valued at $17,292,372.50. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, June 25th, Olivia Nottebohm sold 2,013 shares of BOX stock. The stock was sold at an average price of $34.60, for a total transaction of $69,649.80.
• On Tuesday, June 10th, Olivia Nottebohm sold 1,329 shares of BOX stock. The shares were sold at an average price of $37.43, for a total transaction of $49,744.47.
• On Friday, May 9th, Olivia Nottebohm sold 3,434 shares of BOX stock. The stock was sold at an average price of $31.54, for a total value of $108,308.36.

BOX Price Performance

BOX stock traded down $0.04 during mid-day trading on Friday, reaching $33.00. The company had a trading volume of 914,099 shares, compared to its average volume of 1,703,317. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 25.58 and a beta of 0.90. Box, Inc. has a 52 week low of $25.96 and a 52 week high of $38.80. The stock has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $32.63.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts predict that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on BOX shares. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and lifted their target price for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada boosted their target price on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.50.

Institutional Trading of BOX

Large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of BOX during the 1st quarter worth approximately $1,395,000. SG Americas Securities LLC boosted its position in BOX by 420.1% during the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock worth $928,000 after purchasing an additional 24,286 shares during the period. Quantinno Capital Management LP bought a new position in BOX during the fourth quarter worth $289,000. GAMMA Investing LLC increased its holdings in shares of BOX by 8,676.2% in the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after purchasing an additional 126,152 shares during the last quarter. Finally, Integrated Quantitative Investments LLC bought a new position in shares of BOX in the fourth quarter valued at about $1,418,000. Institutional investors and hedge funds own 86.74% of the company's stock.

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.