Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 6,079 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total value of $193,980.89. Following the sale, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, December 26th, Olivia Nottebohm sold 12,414 shares of BOX stock. The stock was sold at an average price of $31.85, for a total transaction of $395,385.90.

BOX Stock Performance

BOX traded down $0.46 during trading on Wednesday, reaching $31.40. The company’s stock had a trading volume of 1,576,385 shares, compared to its average volume of 1,496,053. The company’s fifty day moving average price is $32.54 and its 200-day moving average price is $31.21. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 5.72 and a beta of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX during the 3rd quarter valued at approximately $36,000. Quarry LP increased its stake in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC raised its holdings in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the second quarter worth $53,000. Finally, Farther Finance Advisors LLC grew its holdings in BOX by 245.4% in the third 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. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.