Olivia Nottebohm Sells 4,612 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $29.84, for a total value of $137,622.08. Following the sale, the chief operating officer owned 474,443 shares in the company, valued at approximately $14,157,379.12. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 10th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $31.35, for a total value of $144,586.20.
• On Tuesday, October 21st, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $33.09, for a total value of $152,611.08.
• On Friday, October 10th, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $33.10, for a total value of $152,657.20.

BOX Stock Performance

Shares of NYSE:BOX opened at $30.41 on Wednesday. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The business has a 50-day simple moving average of $30.91 and a two-hundred day simple moving average of $32.09. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.43 and a beta of 0.79.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research report on Monday. UBS Group lowered BOX from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. DA Davidson reiterated a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Finally, Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.00.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of BOX. Vanguard Group Inc. increased its position in BOX by 2.8% in the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after buying an additional 497,658 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in BOX by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,247,092 shares of the software maker’s stock worth $145,123,000 after acquiring an additional 410,191 shares in the last quarter. Acadian Asset Management LLC raised its stake in BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock worth $141,345,000 after acquiring an additional 1,104,314 shares during the period. Geode Capital Management LLC raised its stake in BOX by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker’s stock worth $114,379,000 after acquiring an additional 32,884 shares during the period. Finally, Sei Investments Co. lifted its holdings in BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after purchasing an additional 94,289 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Company Profile

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.