Insider Selling: BOX (NYSE:BOX) COO Sells $220,082.94 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,293 shares of the company’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $41.58, for a total transaction of $220,082.94. Following the completion of the sale, the chief operating officer directly owned 481,466 shares in the company, valued at $20,019,356.28. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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%

BOX traded up $0.34 during midday trading on Friday, hitting $43.12. 2,669,647 shares of the company traded hands, compared to its average volume of 2,664,431. The business has a 50 day simple moving average of $35.08 and a two-hundred day simple moving average of $29.79. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $43.22. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 62.50, a PEG ratio of 11.04 and a beta of 0.72.

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

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Fortitude Family Office LLC grew its position in shares of BOX by 408.2% in the third quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock valued at $25,000 after purchasing an additional 600 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of BOX during the 2nd quarter worth approximately $56,000. Farther Finance Advisors LLC increased its stake in shares of BOX by 34.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock worth $73,000 after purchasing an additional 567 shares in the last quarter. Versant Capital Management Inc raised its position in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after purchasing an additional 314 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of BOX during the 2nd quarter worth approximately $102,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Citigroup boosted their target price on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded BOX from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Bank of America reiterated a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Finally, UBS Group raised their price objective on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating 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 issued a Sell rating to the stock. According to data from MarketBeat.com, BOX currently has an average rating of “Hold” and a consensus target price of $37.80.

About BOX

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.