BOX (NYSE:BOX) COO Sells $313,869.90 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,470 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the transaction, the chief operating officer directly owned 558,739 shares in the company, valued at approximately $14,063,460.63. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The stock was sold at an average price of $25.00, for a total transaction of $148,550.00.
• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The shares were sold at an average price of $24.07, for a total value of $157,128.96.
• On Friday, March 6th, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $25.78, for a total value of $118,897.36.

BOX Trading Down 4.8%

Shares of BOX traded down $1.22 during midday trading on Monday, reaching $24.50. 2,170,688 shares of the company were exchanged, compared to its average volume of 2,185,513. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $38.80. The stock has a 50-day moving average price of $24.16 and a 200-day moving average price of $27.01. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 1.32 and a beta of 0.71.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. The business had revenue of $305.88 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Equities research analysts anticipate that Box, Inc. will post 0.34 earnings per share for the current year.

BOX announced that its board has initiated a share repurchase plan on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of BOX

A number of hedge funds have recently made changes to their positions in BOX. Capital Fund Management S.A. grew its holdings in BOX by 19.9% during the 3rd quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock worth $12,201,000 after acquiring an additional 62,630 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of BOX in the 3rd quarter valued at about $20,851,000. Sivia Capital Partners LLC acquired a new stake in shares of BOX in the 2nd quarter valued at about $484,000. First Trust Advisors LP raised its stake in shares of BOX by 6.2% in the 3rd quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock valued at $41,097,000 after purchasing an additional 74,758 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of BOX by 19.5% during the third quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock worth $22,018,000 after purchasing an additional 111,153 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup decreased their target price 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. Morgan Stanley dropped their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. UBS Group decreased their price objective on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Friday, March 20th. Finally, Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.57.

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.