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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,293 shares of BOX stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $41.58, for a total value of $220,082.94. Following the completion of the transaction, the chief operating officer directly owned 481,466 shares of the company’s stock, valued at $20,019,356.28. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 5th, Olivia Nottebohm sold 5,293 shares of BOX stock. The stock was sold at an average price of $34.50, for a total transaction of $182,608.50.
• On Friday, August 7th, Olivia Nottebohm sold 5,834 shares of BOX stock. The stock was sold at an average price of $32.31, for a total transaction of $188,496.54.

BOX Trading Up 0.8%

BOX opened at $43.12 on Friday. The stock has a market capitalization of $5.92 billion, a PE ratio of 62.50, a PEG ratio of 11.25 and a beta of 0.72. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $43.22. The firm has a 50-day moving average price of $35.29 and a two-hundred day moving average price of $29.88.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. 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, research analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BOX shares. Citigroup upped their price objective on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. DA Davidson lifted their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. UBS Group lifted their target price on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Bank of America restated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BOX. Signaturefd LLC boosted its stake in BOX by 5.8% in the third quarter. Signaturefd LLC now owns 4,403 shares of the software maker’s stock valued at $147,000 after acquiring an additional 242 shares during the last quarter. Myecfo LLC raised its position in shares of BOX by 1.9% during the 3rd quarter. Myecfo LLC now owns 16,476 shares of the software maker’s stock valued at $552,000 after acquiring an additional 304 shares during the last quarter. Versant Capital Management Inc raised its position in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after acquiring an additional 314 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of BOX by 8.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock valued at $187,000 after acquiring an additional 560 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of BOX by 34.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after purchasing an additional 567 shares during the period. Institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.