Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 12,414 Shares

Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 12,414 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $31.85, for a total transaction of $395,385.90. Following the transaction, the chief operating officer now owns 453,146 shares in the company, valued at approximately $14,432,700.10. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Stock Down 0.4 %

Shares of BOX stock traded down $0.14 during trading on Friday, hitting $32.02. 825,119 shares of the company were exchanged, compared to its average volume of 1,994,759. Box, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $35.74. The firm has a 50 day moving average price of $33.02 and a 200 day moving average price of $30.50. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 40.03 and a beta of 0.86.

Hedge Funds Weigh In On BOX

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of BOX by 8.2% during the third quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker's stock valued at $712,000 after buying an additional 1,646 shares during the period. Sanctuary Advisors LLC grew its position in shares of BOX by 24.5% in the third quarter. Sanctuary Advisors LLC now owns 35,352 shares of the software maker's stock valued at $1,212,000 after purchasing an additional 6,965 shares during the period. Coldstream Capital Management Inc. grew its position in shares of BOX by 13.1% in the third quarter. Coldstream Capital Management Inc. now owns 14,546 shares of the software maker's stock valued at $476,000 after purchasing an additional 1,690 shares during the period. Geode Capital Management LLC increased its stake in BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock valued at $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in BOX during the third quarter worth about $266,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on BOX shares. UBS Group boosted their target price on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a research 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 research report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They issued a "buy" rating and a $45.00 target price for the company. Citigroup upped their price target on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.89.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.