Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 2,105 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,105 shares of BOX stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total transaction of $64,749.80. Following the sale, the chief operating officer now owns 427,113 shares of the company’s stock, valued at approximately $13,137,995.88. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 10th, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18.
• On Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The stock was 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 value of $395,385.90.

BOX Price Performance

Shares of BOX opened at $31.61 on Friday. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market cap of $4.55 billion, a PE ratio of 39.52, a P/E/G ratio of 4.42 and a beta of 1.00. The stock’s 50-day moving average is $32.70 and its two-hundred day moving average is $32.66.

BOX announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of BOX

A number of hedge funds have recently made changes to their positions in BOX. Earnest Partners LLC grew its holdings in BOX by 2.1% during the 4th quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker’s stock valued at $249,543,000 after purchasing an additional 162,437 shares in the last quarter. State Street Corp grew its stake in shares of BOX by 1.2% during the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after acquiring an additional 69,107 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock worth $107,009,000 after acquiring an additional 1,725,197 shares during the last quarter. Sei Investments Co. lifted its stake in shares of BOX by 8.4% in the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock worth $103,857,000 after acquiring an additional 255,623 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley increased their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Raymond James reissued an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. Finally, Citigroup increased their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.11.

About BOX

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.