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

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 2,013 shares of the business's stock in a transaction dated 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 directly owned 532,073 shares of the company's stock, valued at approximately $17,292,372.50. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value 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 Trading Up 0.1%

NYSE:BOX traded up $0.03 on Thursday, hitting $33.05. The company's stock had a trading volume of 793,775 shares, compared to its average volume of 1,943,281. The firm has a market capitalization of $4.75 billion, a P/E ratio of 25.62 and a beta of 0.90. Box, Inc. has a one year low of $25.96 and a one year high of $38.80. The stock has a fifty day moving average of $34.17 and a two-hundred day moving average of $32.59.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a research report on Wednesday, May 28th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Royal Bank Of Canada upped their price objective on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. Finally, UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently added to or reduced their stakes in BOX. Commonwealth Equity Services LLC increased its stake in BOX by 7.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,887 shares of the software maker's stock worth $312,000 after acquiring an additional 659 shares during the period. Cibc World Markets Corp bought a new position in BOX during the 4th quarter worth $416,000. Xponance Inc. increased its stake in BOX by 6.4% during the 4th quarter. Xponance Inc. now owns 14,516 shares of the software maker's stock worth $459,000 after acquiring an additional 876 shares during the period. KLP Kapitalforvaltning AS bought a new position in BOX during the 4th quarter worth $1,991,000. Finally, LPL Financial LLC boosted its holdings in shares of BOX by 11.1% in the 4th quarter. LPL Financial LLC now owns 20,757 shares of the software maker's stock valued at $656,000 after purchasing an additional 2,066 shares in the last quarter. Institutional investors 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.