Insider Selling: Box, Inc. (NYSE:BOX) COO Sells 12,414 Shares of Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,414 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

BOX Trading Down 0.4 %

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in BOX in the 3rd quarter valued at about $36,000. Quarry LP lifted its position in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of BOX during the second quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC raised its stake in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BOX shares. DA Davidson initiated coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target for the company. Bank of America began coverage on shares of BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price for the company. Morgan Stanley increased their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Finally, Citigroup raised their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.