BOX (NYSE:BOX) COO Olivia Nottebohm Sells 5,942 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,942 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $25.00, for a total transaction of $148,550.00. Following the completion of the sale, the chief operating officer owned 571,209 shares in the company, valued at $14,280,225. This represents a 1.03% 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 link.

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

• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $24.07, for a total transaction of $157,128.96.
• On Friday, March 6th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $25.78, for a total transaction of $118,897.36.

BOX Stock Up 0.8%

NYSE BOX traded up $0.20 during midday trading on Monday, hitting $25.21. The company had a trading volume of 1,751,018 shares, compared to its average volume of 2,201,103. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 1.28 and a beta of 0.71. The firm has a fifty day simple moving average of $23.93 and a two-hundred day simple moving average of $27.29. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $38.80.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.16. The company had revenue of $305.88 million for the quarter, compared to analyst estimates of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. As a group, equities analysts predict that Box, Inc. will post 0.34 earnings per share for the current year.

BOX announced that its board has initiated a stock repurchase program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On BOX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Fund Management S.A. lifted its holdings in shares of 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 during the period. Mizuho Markets Americas LLC bought a new position in shares of BOX during the 3rd quarter worth about $20,851,000. First Trust Advisors LP lifted its holdings in BOX by 6.2% during 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 during the last quarter. Natixis Advisors LLC lifted its holdings in BOX by 19.5% during the 3rd quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock valued at $22,018,000 after purchasing an additional 111,153 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in BOX during the 2nd quarter valued at about $484,000. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on BOX shares. William Blair restated a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. UBS Group decreased their price target on shares of BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Citigroup decreased their price target on shares of BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley decreased 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 report on Thursday, March 12th. Finally, Wall Street Zen raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. 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 company’s stock. According to MarketBeat, BOX has an average rating of “Hold” and a consensus target price of $35.57.

BOX Company Profile

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.