BOX (NYSE:BOX) Stock: Insider Olivia Nottebohm Sells 5,293 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,293 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $41.58, for a total value of $220,082.94. Following the completion of the sale, the chief operating officer directly owned 481,466 shares in the company, valued at approximately $20,019,356.28. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, October 5th, Olivia Nottebohm sold 5,293 shares of BOX stock. The shares were sold at an average price of $34.50, for a total transaction of $182,608.50.
• 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.

BOX Trading Up 0.8%

NYSE:BOX traded up $0.34 on Friday, reaching $43.12. The stock had a trading volume of 2,669,647 shares, compared to its average volume of 2,664,431. The company has a 50-day moving average of $35.08 and a 200 day moving average of $29.79. The stock has a market cap of $5.92 billion, a P/E ratio of 62.50, a price-to-earnings-growth ratio of 11.04 and a beta of 0.72. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $43.22.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The business had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue 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. On average, equities analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BOX. DA Davidson upped their price target on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen cut BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Weiss Ratings upgraded BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. UBS Group boosted their target price on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.80.

Hedge Funds Weigh In On BOX

A number of institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of BOX by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after purchasing an additional 407,733 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after buying an additional 13,983 shares during the last quarter. Janus Henderson Group PLC grew its holdings in BOX by 74.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after buying an additional 491,505 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in BOX by 4.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock valued at $24,335,000 after buying an additional 43,520 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in BOX by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock worth $23,898,000 after buying an additional 93,516 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.