Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 1,329 Shares

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 1,329 shares of the company'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 transaction of $49,744.47. Following the completion of the transaction, the chief operating officer now owns 554,682 shares in the company, valued at approximately $20,761,747.26. This represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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.
• On Tuesday, March 25th, Olivia Nottebohm sold 2,105 shares of BOX stock. The stock was sold at an average price of $30.76, for a total transaction of $64,749.80.

BOX Stock Performance

Shares of NYSE:BOX traded down $0.30 during midday trading on Friday, reaching $35.55. 1,885,540 shares of the company's stock were exchanged, compared to its average volume of 1,946,935. The company's 50 day simple moving average is $32.50 and its two-hundred day simple moving average is $32.38. The firm has a market capitalization of $5.11 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced 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 firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same period last year, the firm posted $0.39 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

BOX declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On BOX

Several institutional investors have recently added to or reduced their stakes in BOX. TCTC Holdings LLC lifted its holdings in BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of BOX in the first quarter worth about $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Finally, Versant Capital Management Inc grew its position in shares of BOX by 519.4% during the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock worth $60,000 after buying an additional 1,636 shares during the period. 86.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BOX. JPMorgan Chase & Co. upped their price objective on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Royal Bank of Canada upped their price objective on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 price target on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, BOX has an average rating of "Moderate Buy" and a consensus target price of $38.50.

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.