Box, Inc. (NYSE:BOX) COO Sells $49,744.47 in Stock

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 1,329 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $37.43, for a total value of $49,744.47. Following the completion of the sale, the chief operating officer now directly owns 554,682 shares of the company's stock, valued at approximately $20,761,747.26. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, May 9th, Olivia Nottebohm sold 3,434 shares of BOX stock. The shares were sold at an average price of $31.54, for a total value 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 value of $62,139.60.
• On Monday, April 7th, Olivia Nottebohm sold 1,332 shares of BOX stock. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32.
• On Tuesday, March 25th, Olivia Nottebohm sold 2,105 shares of BOX stock. The shares were sold at an average price of $30.76, for a total value of $64,749.80.

BOX Stock Performance

NYSE:BOX traded down $0.00 during mid-day trading on Friday, reaching $35.84. The stock had a trading volume of 610,840 shares, compared to its average volume of 1,938,461. Box, Inc. has a one year low of $24.63 and a one year high of $38.80. The firm has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $32.39. The stock has a market capitalization of $5.15 billion, a P/E ratio of 44.82, a P/E/G ratio of 4.42 and a beta of 0.94.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Box, Inc. will post 0.27 earnings per share for the current year.

BOX declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC grew its stake in shares of BOX by 2.1% in the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after acquiring an additional 162,437 shares during the last quarter. RGM Capital LLC grew its position in BOX by 9.3% during the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock valued at $115,718,000 after purchasing an additional 318,459 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after purchasing an additional 1,725,197 shares in the last quarter. Sei Investments Co. raised its holdings in BOX by 8.4% in the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after buying an additional 255,623 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of BOX by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock worth $82,492,000 after buying an additional 11,376 shares in the last quarter. Hedge funds and other 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.