Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 3,434 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 3,434 shares of BOX stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.54, for a total value of $108,308.36. Following the transaction, the chief operating officer now owns 556,011 shares in the company, valued at $17,536,586.94. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, April 21st, Olivia Nottebohm sold 2,105 shares of BOX stock. The shares were sold at an average price of $29.52, for a total value of $62,139.60.
• On Monday, April 7th, Olivia Nottebohm sold 1,332 shares of BOX stock. The shares were sold at an average price of $29.01, for a total value of $38,641.32.
• On Tuesday, March 25th, Olivia Nottebohm sold 2,105 shares of BOX stock. The shares were sold at an average price of $30.76, for a total value of $64,749.80.

BOX Price Performance

Shares of NYSE BOX opened at $32.28 on Friday. The business’s 50 day moving average is $30.67 and its two-hundred day moving average is $32.18. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The stock has a market capitalization of $4.64 billion, a P/E ratio of 40.35, a PEG ratio of 4.42 and a beta of 0.94.

BOX announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently commented on BOX. Raymond James reiterated an “outperform” rating and issued a $38.00 target price (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. DA Davidson decreased their target price on BOX from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.44.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of BOX by 8.5% during the first quarter. Royal Bank of Canada now owns 638,062 shares of the software maker’s stock valued at $19,690,000 after buying an additional 49,758 shares during the last quarter. Caption Management LLC grew its stake in shares of BOX by 94.7% during the first quarter. Caption Management LLC now owns 43,025 shares of the software maker’s stock valued at $1,328,000 after buying an additional 20,925 shares during the last quarter. Trexquant Investment LP grew its stake in shares of BOX by 62.8% during the first quarter. Trexquant Investment LP now owns 164,928 shares of the software maker’s stock valued at $5,090,000 after buying an additional 63,615 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of BOX by 2.2% during the first quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker’s stock valued at $33,025,000 after buying an additional 22,962 shares during the last quarter. Finally, RGM Capital LLC grew its stake in shares of BOX by 9.3% during the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock valued at $115,718,000 after buying an additional 318,459 shares during the last quarter. 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.