Insider Selling: BOX (NYSE:BOX) COO Sells $170,837.76 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total value of $170,837.76. Following the completion of the transaction, the chief operating officer directly owned 552,211 shares of the company’s stock, valued at $14,451,361.87. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 8th, Olivia Nottebohm sold 12,470 shares of BOX stock. The shares were sold at an average price of $25.17, for a total value of $313,869.90.
• On Friday, May 1st, Olivia Nottebohm sold 5,942 shares of BOX stock. The shares were sold at an average price of $25.00, for a total value of $148,550.00.
• On Tuesday, April 7th, Olivia Nottebohm sold 6,528 shares of BOX stock. The shares were sold at an average price of $24.07, for a total value of $157,128.96.

BOX Price Performance

NYSE BOX opened at $25.39 on Friday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $36.40. The company has a market capitalization of $3.51 billion, a P/E ratio of 39.06, a PEG ratio of 1.44 and a beta of 0.74. The business has a 50 day moving average price of $24.87 and a 200 day moving average price of $26.08.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. During the same period last year, the business posted $0.30 EPS. BOX’s quarterly revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, research analysts expect that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX announced that its Board of Directors has approved a share repurchase plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On BOX

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of BOX by 2.8% during the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after purchasing an additional 497,658 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after purchasing an additional 407,733 shares during the last quarter. RGM Capital LLC boosted its holdings in shares of BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after purchasing an additional 251,520 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after purchasing an additional 94,289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BOX shares. William Blair reiterated a “market perform” rating on shares of BOX in a report on Monday, March 23rd. UBS Group increased their target price on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley lowered their target price on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Citigroup increased their target price on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.33.

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.