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 firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $34.60, for a total transaction of $69,649.80. Following the transaction, the chief operating officer now owns 534,086 shares in the company, valued at $18,479,375.60. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• 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 transaction of $108,308.36.
• On Monday, April 21st, Olivia Nottebohm sold 2,105 shares of BOX stock. The stock was sold at an average price of $29.52, for a total transaction of $62,139.60.
• On Monday, April 7th, Olivia Nottebohm sold 1,332 shares of BOX stock. The stock was sold at an average price of $29.01, for a total transaction of $38,641.32.

BOX Stock Down 0.4%

Shares of NYSE:BOX traded down $0.15 during trading on Friday, reaching $33.99. 2,456,467 shares of the company traded hands, compared to its average volume of 1,943,054. The firm has a market cap of $4.89 billion, a P/E ratio of 26.35 and a beta of 0.94. The firm has a fifty day simple moving average of $33.47 and a 200 day simple moving average of $32.47. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. BOX's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. As a group, research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

BOX declared that its board has authorized a share repurchase plan on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BOX shares. Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday. Royal Bank Of Canada raised their target price on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and raised their target price for the stock from $37.00 to $40.00 in a report on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 price objective (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC raised its holdings in BOX by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock worth $1,189,000 after acquiring an additional 423 shares during the period. Y Intercept Hong Kong Ltd bought a new position in BOX in the 4th quarter worth $818,000. Los Angeles Capital Management LLC raised its holdings in BOX by 629.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 161,865 shares of the software maker's stock worth $5,115,000 after acquiring an additional 139,664 shares during the period. Illinois Municipal Retirement Fund raised its holdings in BOX by 13.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 83,929 shares of the software maker's stock worth $2,652,000 after acquiring an additional 10,235 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in BOX by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 55,180 shares of the software maker's stock worth $1,744,000 after acquiring an additional 556 shares during the period. Institutional investors own 86.74% of the company's stock.

BOX Company Profile

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.