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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,105 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total value of $64,749.80. Following the completion of the transaction, the chief operating officer now directly owns 427,113 shares in the company, valued at approximately $13,137,995.88. This represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Price Performance

Shares of NYSE:BOX traded up $0.24 during trading on Wednesday, hitting $30.99. 1,402,563 shares of the company’s stock were exchanged, compared to its average volume of 1,728,866. The business’s 50-day simple moving average is $32.71 and its 200 day simple moving average is $32.68. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 4.42 and a beta of 1.00.

BOX announced that its board has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

BOX has been the topic of several analyst reports. Morgan Stanley lifted 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. JPMorgan Chase & Co. cut their price target on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, March 19th. Finally, Citigroup boosted their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.11.

Hedge Funds Weigh In On BOX

Several hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in BOX in the 3rd quarter valued at $36,000. Smartleaf Asset Management LLC grew its position in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after purchasing an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after buying an additional 417 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in BOX during the fourth quarter valued at approximately $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.