Insider Selling: Box, Inc. (NYSE:BOX) COO Sells 2,105 Shares of Stock

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the completion of the transaction, the chief operating officer now directly owns 427,113 shares in the company, valued at approximately $13,137,995.88. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, February 10th, Olivia Nottebohm sold 6,079 shares of BOX stock. The shares were sold at an average price of $34.42, for a total value of $209,239.18.
• On Tuesday, January 21st, Olivia Nottebohm sold 6,079 shares of BOX stock. The stock was 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 shares were sold at an average price of $31.85, for a total value of $395,385.90.

BOX Stock Performance

Shares of BOX stock traded down $0.52 during trading on Friday, reaching $31.12. The company had a trading volume of 1,401,281 shares, compared to its average volume of 1,798,625. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The firm's fifty day moving average is $32.69 and its 200-day moving average is $32.65. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.

Remove Ads

BOX announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently commented on BOX shares. Raymond James reissued an "outperform" rating and set a $38.00 price target (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. StockNews.com cut shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Citigroup raised their price target on shares of BOX from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. Finally, Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They issued a "buy" rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, BOX has a consensus rating of "Moderate Buy" and a consensus target price of $37.11.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX during the 3rd quarter valued at approximately $36,000. Smartleaf Asset Management LLC raised its holdings in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after purchasing an additional 1,897 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after buying an additional 653 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after buying an additional 417 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of BOX during the 4th quarter valued at about $132,000. Institutional investors own 86.74% of the company's stock.

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.