Box, Inc. (NYSE:BOX) COO Sells $64,749.80 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,105 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total transaction of $64,749.80. Following the completion of the sale, the chief operating officer now owns 427,113 shares of the company’s stock, valued at $13,137,995.88. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 10th, Olivia Nottebohm sold 6,079 shares of BOX stock. The stock was sold at an average price of $34.42, for a total value of $209,239.18.
• 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 value 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 value of $395,385.90.

BOX Trading Up 0.8 %

BOX stock traded up $0.24 during midday trading on Wednesday, hitting $30.99. The company’s stock had a trading volume of 1,402,563 shares, compared to its average volume of 1,728,866. The firm’s 50-day moving average is $32.71 and its 200-day moving average is $32.68. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The company has a market cap of $4.46 billion, a PE ratio of 38.74, a P/E/G ratio of 4.42 and a beta of 1.00.

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

Analyst Ratings Changes

BOX has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, March 19th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Raymond James reaffirmed an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average price target of $37.11.

Institutional Investors Weigh In On BOX

Large investors have recently bought and sold shares of the business. Pathstone Holdings LLC boosted its holdings in shares of BOX by 7.3% during the 3rd quarter. Pathstone Holdings LLC now owns 51,813 shares of the software maker’s stock valued at $1,696,000 after acquiring an additional 3,532 shares during the last quarter. Intech Investment Management LLC bought a new position in BOX during the third quarter valued at approximately $1,190,000. Massachusetts Financial Services Co. MA boosted its holdings in BOX by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker’s stock worth $2,920,000 after purchasing an additional 4,766 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $44,900,000 after purchasing an additional 134,175 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in BOX by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 164,714 shares of the software maker’s stock worth $5,391,000 after purchasing an additional 7,292 shares during the period. 86.74% of the stock is currently owned by institutional investors.

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.