Box, Inc. (NYSE:BOX) COO Sells $209,239.18 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the firm’s 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 sale, the chief operating officer now owns 440,988 shares in the company, valued at approximately $15,178,806.96. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Trading Down 0.1 %

NYSE:BOX opened at $34.65 on Wednesday. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 4.40 and a beta of 0.88. The firm’s fifty day simple moving average is $32.27 and its 200 day simple moving average is $31.93. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74.

Hedge Funds Weigh In On BOX

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in shares of BOX by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker’s stock valued at $247,000 after acquiring an additional 391 shares in the last quarter. Farther Finance Advisors LLC increased its stake in BOX by 19.3% during the 4th 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 during the period. Sanctuary Advisors LLC increased its stake in BOX by 1.2% during the 4th quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker’s stock worth $1,189,000 after buying an additional 423 shares during the period. Aspiriant LLC increased its stake in BOX by 5.0% during the 4th quarter. Aspiriant LLC now owns 9,048 shares of the software maker’s stock worth $286,000 after buying an additional 427 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in BOX by 2.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock worth $548,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOX. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Citigroup lifted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. DA Davidson began coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Bank of America began coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.