BOX (NYSE:BOX) COO Olivia Nottebohm Sells 5,293 Shares of Company Stock

Key Points

• BOX COO Olivia Nottebohm sold 5,293 shares at an average price of $34.50, generating $182,608.50. She retained 486,759 shares valued at approximately $16.79 million.
• BOX shares traded down 0.2% to $35.28, near their 52-week high of $36.34. The company reported quarterly revenue of $321.15 million, up 9.2% year over year, while matching analysts’ $0.40 EPS estimate.
• Analysts maintain a consensus “Hold” rating, with an average price target of $37.80; institutional investors own 86.74% of BOX shares.

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 5,293 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $34.50, for a total value of $182,608.50. Following the completion of the sale, the chief operating officer directly owned 486,759 shares of the company's stock, valued at $16,793,185.50. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 7th, Olivia Nottebohm sold 5,834 shares of BOX stock. The shares were sold at an average price of $32.31, for a total value of $188,496.54.
• On Tuesday, July 21st, Olivia Nottebohm sold 5,834 shares of BOX stock. The shares were sold at an average price of $30.13, for a total value of $175,778.42.

BOX Trading Down 0.2%

Shares of BOX stock traded down $0.06 on Tuesday, hitting $35.28. 1,474,448 shares of the stock were exchanged, compared to its average volume of 2,659,254. The firm has a market capitalization of $4.84 billion, a PE ratio of 51.14, a P/E/G ratio of 11.24 and a beta of 0.72. Box, Inc. has a one year low of $21.34 and a one year high of $36.34. The firm's 50 day moving average is $33.43 and its two-hundred day moving average is $28.44.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, sell-side analysts expect that Box, Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BOX. Versant Capital Management Inc raised its position in shares of BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker's stock worth $97,000 after buying an additional 314 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in BOX during the second quarter worth about $56,000. Nykredit A S purchased a new position in BOX during the second quarter worth about $146,000. Corient Private Wealth LP increased its stake in BOX by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 21,836 shares of the software maker's stock worth $580,000 after acquiring an additional 5,651 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in BOX in the 2nd quarter worth about $239,000. Institutional investors own 86.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BOX. Weiss Ratings upgraded shares of BOX from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $26.00 price target on shares of BOX in a report on Wednesday, August 26th. Morgan Stanley lifted their price target on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 26th. UBS Group increased their price objective on BOX from $29.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. Finally, Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.80.

About BOX

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company's services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.

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