BOX (NYSE:BOX) COO Sells $118,897.36 in Stock

Key Points

• COO Olivia Nottebohm sold 4,612 shares on March 6 at an average of $25.78 for a total of $118,897.36, trimming her position by 0.98% to 465,219 shares (≈$11.99M).
• Box reported Q (quarter) results of $0.49 EPS versus a $0.33 estimate and revenue of $305.88M (+9.4% YoY), though the company still shows a negative return on equity (-23.61%) with a 9.8% net margin.
• Shares traded down about 0.9% to $25.42 (market cap ~$3.64B); analysts' consensus is a "Hold" with an average target of $36.29 (5 Buys, 3 Holds, 1 Sell).

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $25.78, for a total transaction of $118,897.36. Following the completion of the transaction, the chief operating officer directly owned 465,219 shares of the company's stock, valued at approximately $11,993,345.82. The trade was a 0.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 21st, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $26.04, for a total value of $120,096.48.
• On Friday, December 26th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $29.84, for a total transaction of $137,622.08.

BOX Trading Down 0.9%

Shares of BOX stock traded down $0.23 during trading hours on Monday, reaching $25.42. 2,411,161 shares of the stock were exchanged, compared to its average volume of 2,844,126. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Box, Inc. has a 12-month low of $21.61 and a 12-month high of $38.80. The company's 50-day moving average price is $25.85 and its 200-day moving average price is $29.64.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.16. The firm had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BOX. DA Davidson restated a "buy" rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of BOX in a research report on Monday, December 29th. UBS Group cut their target price on BOX from $31.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, March 4th. Finally, Citigroup reduced their price objective on shares of BOX from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $36.29.

Hedge Funds Weigh In On BOX

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in BOX by 2.8% in the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker's stock valued at $596,576,000 after acquiring an additional 497,658 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of BOX by 15.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock worth $134,932,000 after acquiring an additional 604,946 shares in the last quarter. Acadian Asset Management LLC raised its holdings in BOX by 36.4% in the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock worth $141,345,000 after purchasing an additional 1,104,314 shares during the period. Geode Capital Management LLC grew its holdings in BOX by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker's stock valued at $114,379,000 after purchasing an additional 32,884 shares during the period. Finally, RGM Capital LLC grew its stake in BOX by 8.2% in the 4th quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker's stock valued at $99,605,000 after acquiring an additional 251,520 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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