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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the sale, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at $15,178,806.96. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Up 1.3 %

NYSE:BOX opened at $35.09 on Thursday. The company’s 50 day moving average is $32.34 and its 200-day moving average is $31.95. Box, Inc. has a 12 month low of $24.56 and a 12 month high of $35.74. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 4.40 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in BOX by 10.8% during 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 during the period. Versor Investments LP bought a new stake in BOX during the 3rd quarter valued at approximately $1,221,000. Townsquare Capital LLC acquired a new stake in BOX in the 3rd quarter valued at approximately $2,021,000. Robeco Institutional Asset Management B.V. acquired a new stake in BOX in the 4th quarter valued at approximately $981,000. Finally, Petrus Trust Company LTA acquired a new position in shares of BOX during the third quarter worth approximately $615,000. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group boosted their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Bank of America assumed coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

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.