Box, Inc. (NYSE:BOX - Get Free Report) COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $29.52, for a total transaction of $62,139.60. Following the transaction, the chief operating officer now directly owns 561,132 shares in the company, valued at approximately $16,564,616.64. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Olivia Nottebohm also recently made the following trade(s):
- On Monday, April 7th, Olivia Nottebohm sold 1,332 shares of BOX stock. The stock was sold at an average price of $29.01, for a total transaction of $38,641.32.
- On Tuesday, March 25th, Olivia Nottebohm sold 2,105 shares of BOX stock. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80.
- On Monday, February 10th, Olivia Nottebohm sold 6,079 shares of BOX stock. The stock was sold at an average price of $34.42, for a total value of $209,239.18.
BOX Price Performance
Shares of NYSE:BOX opened at $30.32 on Thursday. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The business's 50-day moving average is $31.32 and its 200-day moving average is $32.28. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 37.90, a P/E/G ratio of 4.42 and a beta of 0.96.
BOX declared that its board has initiated a share repurchase program on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Institutional Trading of BOX
Several large investors have recently modified their holdings of BOX. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of BOX by 332.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after purchasing an additional 665 shares in the last quarter. Versant Capital Management Inc boosted its holdings in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock worth $60,000 after acquiring an additional 1,636 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after acquiring an additional 1,897 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of BOX by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after acquiring an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after purchasing an additional 417 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.
Wall Street Analysts Forecast Growth
BOX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley reduced their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. Finally, Raymond James restated an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.44.
Get Our Latest Research Report on BOX
BOX Company Profile
(
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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.
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