Insider Selling: Box, Inc. (NYSE:BOX) COO Sells $193,980.89 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89. Following the sale, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at $14,265,907.97. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 Price Performance

Shares of NYSE BOX opened at $31.53 on Friday. The company has a 50-day moving average price of $32.45 and a 200-day moving average price of $31.26. The stock has a market capitalization of $4.53 billion, a P/E ratio of 39.41, a P/E/G ratio of 5.70 and a beta of 0.89. Box, Inc. has a 1 year low of $24.56 and a 1 year high of $35.74.

Hedge Funds Weigh In On BOX

Several large investors have recently added to or reduced their stakes in the business. Matisse Capital boosted its position in shares of BOX by 30.4% during the fourth quarter. Matisse Capital now owns 15,000 shares of the software maker’s stock valued at $474,000 after buying an additional 3,500 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of BOX in the 4th quarter worth $203,000. Smith Group Asset Management LLC raised its holdings in shares of BOX by 14.8% in the fourth quarter. Smith Group Asset Management LLC now owns 18,645 shares of the software maker’s stock valued at $589,000 after purchasing an additional 2,407 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of BOX in the fourth quarter valued at about $981,000. Finally, Pacer Advisors Inc. lifted its position in shares of BOX by 14.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,974 shares of the software maker’s stock valued at $252,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

BOX Company Profile

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.