Insider Selling: BOX (NYSE:BOX) COO Sells $120,096.48 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total value of $120,096.48. Following the transaction, the chief operating officer directly owned 469,831 shares in the company, valued at approximately $12,234,399.24. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Monday, November 10th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $31.35, for a total value of $144,586.20.

BOX Stock Down 0.5%

NYSE:BOX opened at $26.50 on Monday. The company’s 50 day moving average is $29.42 and its 200-day moving average is $31.31. Box, Inc. has a 12 month low of $25.74 and a 12 month high of $38.80. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.10 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 target price on shares of BOX in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Vanguard Group Inc. increased its holdings in BOX by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock valued at $596,576,000 after buying an additional 497,658 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of BOX by 10.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,247,092 shares of the software maker’s stock valued at $145,123,000 after acquiring an additional 410,191 shares in the last quarter. Acadian Asset Management LLC increased its stake in BOX by 36.4% in the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock valued at $141,345,000 after acquiring an additional 1,104,314 shares during the period. Geode Capital Management LLC increased its stake in BOX by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker’s stock valued at $114,379,000 after acquiring an additional 32,884 shares during the period. Finally, Sei Investments Co. raised its position in BOX by 2.9% in 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 in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Company Profile

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.