BOX (NYSE:BOX) Stock: Insider Olivia Nottebohm Sells 5,293 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,293 shares of BOX stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $41.45, for a total transaction of $219,394.85. Following the sale, the chief operating officer directly owned 476,173 shares in the company, valued at approximately $19,737,370.85. This trade represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 21st, Olivia Nottebohm sold 5,293 shares of BOX stock. The shares were sold at an average price of $41.58, for a total transaction of $220,082.94.
• 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.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.03 during midday trading on Friday, hitting $43.66. The company’s stock had a trading volume of 1,333,780 shares, compared to its average volume of 2,646,646. The business’s 50 day simple moving average is $37.85 and its 200 day simple moving average is $29.49. The company has a market cap of $5.99 billion, a P/E ratio of 63.27, a price-to-earnings-growth ratio of 11.45 and a beta of 0.65. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $44.88.

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. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company had revenue of $321.15 million during the quarter, compared to analysts’ expectations of $319.33 million. 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. On average, sell-side analysts predict that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOX has been the topic of several recent research reports. Citigroup boosted their target price on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Bank of America reaffirmed a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Wall Street Zen downgraded BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Morgan Stanley lifted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Four 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, the company presently has an average rating of “Hold” and a consensus price target of $39.80.

Institutional Investors Weigh In On BOX

A number of hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in 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. Dimensional Fund Advisors LP raised its stake in BOX by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after purchasing an additional 13,983 shares during the period. Janus Henderson Group PLC boosted its holdings in BOX by 74.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock valued at $27,141,000 after purchasing an additional 491,505 shares during the last quarter. Voya Investment Management LLC boosted its holdings in BOX by 483.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,064,011 shares of the software maker’s stock valued at $35,623,000 after purchasing an additional 881,609 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in BOX by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock valued at $23,898,000 after purchasing an additional 93,516 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc. provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices. The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content. Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.