Box, Inc. (NYSE:BOX) COO Olivia Nottebohm Sells 2,105 Shares

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 2,105 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total transaction of $64,749.80. Following the sale, the chief operating officer now owns 427,113 shares in the company, valued at approximately $13,137,995.88. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Trading Up 0.8 %

Shares of NYSE BOX opened at $30.99 on Thursday. The firm has a 50-day moving average of $32.70 and a two-hundred day moving average of $32.67. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 4.42 and a beta of 1.00. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74.

BOX declared that its board has initiated a stock buyback program on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock worth $107,009,000 after acquiring an additional 1,725,197 shares in the last quarter. Norges Bank acquired a new position in shares of BOX in the 4th quarter valued at $29,973,000. Jupiter Asset Management Ltd. acquired a new position in shares of BOX in the 4th quarter valued at $24,234,000. Fisher Asset Management LLC increased its stake in BOX by 420.6% in the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker’s stock worth $27,097,000 after purchasing an additional 692,784 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in BOX by 22.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker’s stock worth $51,623,000 after buying an additional 304,755 shares during the period. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, March 19th. UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lowered their price target on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.11.

About BOX

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.