Olivia Nottebohm Sells 6,079 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the completion of the sale, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at approximately $14,265,907.97. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 26th, Olivia Nottebohm sold 12,414 shares of BOX stock. The shares were sold at an average price of $31.85, for a total value of $395,385.90.

BOX Stock Performance

NYSE:BOX opened at $31.43 on Friday. Box, Inc. has a one year low of $24.56 and a one year high of $35.74. The business’s 50-day simple moving average is $32.49 and its 200 day simple moving average is $31.22. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 5.78 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BOX. Citigroup lifted their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, Bank of America started coverage on BOX in a research note on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOX. Envestnet Asset Management Inc. lifted its stake in shares of BOX by 13.5% in the second quarter. Envestnet Asset Management Inc. now owns 331,872 shares of the software maker’s stock worth $8,775,000 after acquiring an additional 39,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of BOX by 587.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 83,715 shares of the software maker’s stock worth $2,213,000 after acquiring an additional 71,536 shares in the last quarter. Hsbc Holdings PLC increased its holdings in BOX by 9.4% in the second quarter. Hsbc Holdings PLC now owns 77,563 shares of the software maker’s stock valued at $2,043,000 after buying an additional 6,638 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in BOX by 14.2% in the second quarter. Ensign Peak Advisors Inc now owns 98,893 shares of the software maker’s stock valued at $2,615,000 after buying an additional 12,285 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.