Box, Inc. (NYSE:BOX) COO Sells $395,385.90 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,414 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the transaction, the chief operating officer now directly owns 453,146 shares in the company, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BOX Stock Performance

Shares of BOX stock opened at $32.02 on Friday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 40.03 and a beta of 0.86. Box, Inc. has a 52 week low of $24.28 and a 52 week high of $35.74. The firm’s 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $30.50.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective on the stock. Bank of America began coverage on shares of BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, UBS Group boosted their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” 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, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.89.

Institutional Investors Weigh In On BOX

A number of hedge funds have recently modified their holdings of BOX. Itau Unibanco Holding S.A. bought a new position in BOX during the third quarter valued at $36,000. Quarry LP grew its stake in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,084 shares during the period. GAMMA Investing LLC increased its holdings in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Toronto Dominion Bank bought a new stake in BOX in the 2nd quarter valued at about $53,000. Finally, Farther Finance Advisors LLC lifted its holdings in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

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.