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

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction on 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 directly owns 453,146 shares in the company, valued at $14,432,700.10. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BOX Price Performance

BOX stock opened at $32.02 on Friday. The firm has a market capitalization of $4.60 billion, a P/E ratio of 40.03 and a beta of 0.86. The stock has a fifty day moving average price of $33.02 and a two-hundred day moving average price of $30.52. Box, Inc. has a 52-week low of $24.28 and a 52-week high of $35.74.

Analyst Ratings Changes

Several research firms have issued reports on BOX. Morgan Stanley raised their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. DA Davidson started coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Institutional Investors Weigh In On BOX

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in BOX in the third quarter valued at about $36,000. GAMMA Investing LLC boosted its holdings in shares of 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 in the last quarter. Quarry LP grew its position in 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 last quarter. Toronto Dominion Bank acquired a new stake in BOX during the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC raised its position in BOX by 245.4% in the 3rd 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 and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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.