BOX (NYSE:BOX) COO Sells $118,897.36 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $25.78, for a total transaction of $118,897.36. Following the transaction, the chief operating officer owned 465,219 shares of the company’s stock, valued at $11,993,345.82. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, January 21st, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $26.04, for a total value of $120,096.48.
• On Friday, December 26th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $29.84, for a total value of $137,622.08.

BOX Stock Down 0.8%

BOX stock opened at $24.63 on Thursday. The business has a 50 day moving average of $25.53 and a 200 day moving average of $29.51. The firm has a market cap of $3.53 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 1.03 and a beta of 0.80. Box, Inc. has a twelve month low of $21.61 and a twelve month high of $38.80.

BOX (NYSE:BOX) last released its earnings results on Tuesday, March 3rd. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The business had revenue of $305.88 million for the quarter, compared to the consensus estimate of $305.64 million. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on BOX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Citigroup reduced their price target on shares of BOX from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. UBS Group decreased their price objective on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BOX has a consensus rating of “Hold” and an average price target of $36.29.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently bought and sold shares of the business. First Horizon Corp lifted its stake in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the fourth quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new position in shares of BOX during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX during the first quarter valued at approximately $31,000. Finally, Employees Retirement System of Texas bought a new position in BOX during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.