Key Points
- Box COO Olivia Nottebohm sold 4,612 shares on Jan. 21 at an average price of $26.04, generating $120,096.48 and leaving her with 469,831 shares (a 0.97% reduction, valued at about $12.23M).
- Nottebohm has made three recent identical sales of 4,612 shares (Nov. 10 at $31.35, Dec. 26 at $29.84, and Jan. 21 at $26.04), indicating a pattern of insider dispositions across the past months.
- BOX shares trade near $26.50 with a 52-week range of $25.74–$38.80, a $3.8B market cap and a PE of 21.37; analysts’ consensus is an average "Hold" rating with a $38 target price.
Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 4,612 shares of the business's stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total transaction of $120,096.48. Following the sale, the chief operating officer directly owned 469,831 shares in the company, valued at $12,234,399.24. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Olivia Nottebohm also recently made the following trade(s):
- On Friday, December 26th, Olivia Nottebohm sold 4,612 shares of BOX stock. The stock was sold at an average price of $29.84, for a total value of $137,622.08.
- On Monday, November 10th, Olivia Nottebohm sold 4,612 shares of BOX stock. The shares were sold at an average price of $31.35, for a total value of $144,586.20.
BOX Stock Performance
Shares of BOX stock opened at $26.50 on Friday. Box, Inc. has a fifty-two week low of $25.74 and a fifty-two week high of $38.80. The firm has a market capitalization of $3.80 billion, a PE ratio of 21.37, a P/E/G ratio of 2.11 and a beta of 0.80. The stock's 50-day simple moving average is $29.42 and its 200-day simple moving average is $31.34.
Hedge Funds Weigh In On BOX
Several institutional investors have recently made changes to their positions in BOX. Caitong International Asset Management Co. Ltd boosted its holdings in BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock worth $25,000 after buying an additional 713 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BOX in the fourth quarter valued at $26,000. Salomon & Ludwin LLC acquired a new position in shares of BOX in the third quarter worth about $32,000. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the first quarter worth about $31,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of BOX during the 3rd quarter worth about $35,000. 86.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BOX has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of BOX in a report on Monday, December 29th. Zacks Research cut shares of BOX from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $45.00 price target on shares of BOX in a report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, BOX currently has an average rating of "Hold" and an average target price of $38.00.
Check Out Our Latest Stock Report on BOX
BOX Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
