Box, Inc. (NYSE:BOX) COO Sells $395,385.90 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the sale, the chief operating officer now owns 453,146 shares of the company’s stock, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BOX Price Performance

Shares of BOX stock traded down $0.14 on Friday, hitting $32.02. The stock had a trading volume of 825,119 shares, compared to its average volume of 1,994,759. The company’s 50 day moving average price is $33.02 and its 200-day moving average price is $30.46. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74. The firm has a market capitalization of $4.60 billion, a P/E ratio of 40.03 and a beta of 0.86.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Congress Asset Management Co. acquired a new position in shares of BOX in the third quarter valued at approximately $46,236,000. Earnest Partners LLC grew its stake in shares of BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BOX by 9.8% during 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after acquiring an additional 134,175 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in BOX in the third quarter valued at $4,314,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BOX. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. UBS Group lifted their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DA Davidson initiated coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Citigroup lifted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating 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, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average target price of $35.89.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.