Olivia Nottebohm Sells 5,834 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 5,834 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $32.31, for a total value of $188,496.54. Following the transaction, the chief operating officer owned 513,382 shares of the company’s stock, valued at approximately $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, July 21st, Olivia Nottebohm sold 5,834 shares of BOX stock. The shares were sold at an average price of $30.13, for a total value of $175,778.42.
• On Wednesday, June 10th, Olivia Nottebohm sold 6,528 shares of BOX stock. The stock was sold at an average price of $26.17, for a total value of $170,837.76.

BOX Stock Up 4.3%

Shares of BOX opened at $33.23 on Friday. The stock has a market capitalization of $4.60 billion, a P/E ratio of 51.13, a P/E/G ratio of 11.73 and a beta of 0.73. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $33.88. The company has a 50 day moving average of $28.30 and a 200-day moving average of $25.77.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, sell-side analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BOX has been the subject of several analyst reports. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup upped their target price on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, May 27th. UBS Group increased their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.33.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Corp increased its stake in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BOX in the 4th quarter valued at about $26,000. Geneos Wealth Management Inc. bought a new position in BOX during the first quarter worth about $31,000. Employees Retirement System of Texas bought a new position in BOX during the third quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC increased its position in BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during 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.