BOX (NYSE:BOX) COO Sells $170,837.76 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of BOX stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total transaction of $170,837.76. Following the sale, the chief operating officer owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The stock was sold at an average price of $25.17, for a total transaction of $313,869.90.
• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The stock was sold at an average price of $25.00, for a total transaction of $148,550.00.
• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $24.07, for a total transaction of $157,128.96.

BOX Stock Down 0.3%

BOX stock traded down $0.08 during midday trading on Wednesday, hitting $26.46. 1,569,121 shares of the stock were exchanged, compared to its average volume of 2,495,572. The company has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $26.12. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.46. The stock has a market capitalization of $3.66 billion, a PE ratio of 40.70, a P/E/G ratio of 1.50 and a beta of 0.74.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter last year, the firm earned $0.30 EPS. BOX’s quarterly revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, equities research analysts anticipate that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX declared that its board has authorized a stock repurchase program on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 14.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BOX. Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group lifted their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Morgan Stanley reduced their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. DA Davidson reissued a “buy” rating and set a $45.00 price objective on shares of BOX in a research note on Wednesday, May 27th. Finally, William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.33.

Institutional Trading of BOX

Hedge funds have recently bought and sold shares of the stock. First Horizon Corp raised its holdings in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BOX during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas acquired a new stake in BOX during the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC raised its holdings in BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.