Insider Selling: BOX (NYSE:BOX) COO Sells 5,834 Shares of Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,834 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $30.13, for a total transaction of $175,778.42. Following the completion of the sale, the chief operating officer owned 519,216 shares of the company’s stock, valued at $15,643,978.08. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 10th, Olivia Nottebohm sold 6,528 shares of BOX stock. The shares were sold at an average price of $26.17, for a total value of $170,837.76.
• 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 shares were sold at an average price of $25.00, for a total value of $148,550.00.

BOX Stock Performance

NYSE:BOX traded up $1.23 during mid-day trading on Tuesday, reaching $31.38. 744,717 shares of the company’s stock were exchanged, compared to its average volume of 2,559,278. The business’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $25.53. Box, Inc. has a one year low of $21.34 and a one year high of $33.88. The firm has a market capitalization of $4.34 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 10.24 and a beta of 0.74.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.BOX’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. 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 forecast that Box, Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in BOX during the 2nd quarter valued at $231,000. GAMMA Investing LLC grew its holdings in BOX by 37.6% during the 2nd quarter. GAMMA Investing LLC now owns 9,963 shares of the software maker’s stock valued at $264,000 after buying an additional 2,721 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of BOX by 8.6% in the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock worth $187,000 after buying an additional 560 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of BOX by 13,002.6% in the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock valued at $11,876,000 after acquiring an additional 498,521 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in BOX by 7.8% during the 1st quarter. Edgestream Partners L.P. now owns 161,154 shares of the software maker’s stock worth $3,810,000 after acquiring an additional 11,685 shares during the period. 86.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group increased their target price on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Citigroup boosted their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BOX has an average rating of “Hold” and an average price target of $35.33.

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.