BOX (NYSE:BOX) COO Olivia Nottebohm Sells 5,834 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,834 shares of BOX stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $30.13, for a total value of $175,778.42. Following the completion of the sale, the chief operating officer owned 519,216 shares in the company, valued at approximately $15,643,978.08. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 10th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $26.17, for a total value of $170,837.76.
• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The stock was sold at an average price of $25.17, for a total value of $313,869.90.
• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The shares were sold at an average price of $25.00, for a total value of $148,550.00.

BOX Stock Performance

Shares of NYSE BOX opened at $31.54 on Wednesday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 48.52, a PEG ratio of 10.64 and a beta of 0.74. Box, Inc. has a one year low of $21.34 and a one year high of $33.88. The company’s fifty day moving average is $27.29 and its two-hundred day moving average is $25.54.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, sell-side analysts forecast that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. First Horizon Corp raised its position in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BOX during the 4th quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new position in BOX during the first quarter worth $31,000. Employees Retirement System of Texas purchased a new position in BOX during the third quarter worth $35,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Citigroup lifted their price objective on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Finally, UBS Group lifted their price target on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.33.

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.