BOX (NYSE:BOX) COO Sells $182,608.50 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,293 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $34.50, for a total value of $182,608.50. Following the completion of the transaction, the chief operating officer directly owned 486,759 shares of the company’s stock, valued at $16,793,185.50. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 7th, Olivia Nottebohm sold 5,834 shares of BOX stock. The stock was sold at an average price of $32.31, for a total value of $188,496.54.
• On Tuesday, July 21st, Olivia Nottebohm sold 5,834 shares of BOX stock. The stock was sold at an average price of $30.13, for a total value of $175,778.42.

BOX Stock Performance

NYSE:BOX opened at $36.32 on Friday. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.34. The company has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $28.68. The company has a market capitalization of $4.98 billion, a PE ratio of 52.64, a P/E/G ratio of 11.63 and a beta of 0.72.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. Research analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after buying an additional 604,946 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after acquiring an additional 13,983 shares during the period. Norges Bank bought a new stake in shares of BOX during the fourth quarter valued at approximately $58,814,000. Janus Henderson Group PLC raised its position in shares of BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after purchasing an additional 491,505 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of BOX by 4.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after purchasing an additional 43,520 shares during the period. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “underperform” rating and issued a $26.00 price objective on shares of BOX in a research report on Wednesday, August 26th. Wall Street Zen lowered BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. UBS Group raised their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Finally, Weiss Ratings raised BOX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BOX currently has an average rating of “Hold” and a consensus target price of $37.80.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.