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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the sale, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at $15,178,806.96. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $31.91, for a total value of $193,980.89.
• 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 value of $395,385.90.

BOX Stock Down 0.1 %

Shares of BOX traded down $0.05 during mid-day trading on Tuesday, reaching $34.65. The company had a trading volume of 761,660 shares, compared to its average volume of 1,359,291. The stock has a 50 day moving average of $32.27 and a two-hundred day moving average of $31.88. The stock has a market capitalization of $4.98 billion, a P/E ratio of 43.32, a PEG ratio of 4.40 and a beta of 0.88. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74.

Institutional Investors Weigh In On BOX

Hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of BOX in the 3rd quarter valued at $36,000. GAMMA Investing LLC increased its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares in the last quarter. Farther Finance Advisors LLC increased 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 buying an additional 1,536 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after acquiring an additional 1,897 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of BOX during the 4th quarter worth about $132,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. DA Davidson assumed coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price for the company. Citigroup lifted their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Bank of America began coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus price target 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.