Insider Selling: Box, Inc. (NYSE:BOX) COO Sells $209,239.18 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now owns 440,988 shares in the company, valued at $15,178,806.96. This represents a 1.36 % decrease in their position. The transaction 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 Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89.
• On Thursday, December 26th, Olivia Nottebohm sold 12,414 shares of BOX stock. The stock was sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Stock Performance

Shares of BOX stock opened at $35.35 on Friday. The stock has a fifty day simple moving average of $32.41 and a two-hundred day simple moving average of $31.98. The firm has a market capitalization of $5.08 billion, a PE ratio of 44.18, a PEG ratio of 4.40 and a beta of 0.88. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74.

Analyst Ratings Changes

BOX has been the topic of several research analyst reports. UBS Group increased their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. DA Davidson started coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price on the stock. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Bank of America assumed coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

Institutional Trading of BOX

Several institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in BOX in the 3rd quarter worth approximately $36,000. GAMMA Investing LLC raised its position in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in BOX during the fourth quarter valued at $132,000. Hedge funds and other institutional investors 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.