Insider Selling: Box, Inc. (NYSE:BOX) COO Sells $395,385.90 in Stock

Box, Inc. (NYSE:BOX) COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the transaction, the chief operating officer now owns 453,146 shares of the company’s stock, valued at $14,432,700.10. This represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

BOX Price Performance

Shares of NYSE:BOX opened at $32.02 on Monday. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74. The business’s 50-day moving average is $33.02 and its 200-day moving average is $30.52. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 40.03 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BOX shares. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, Citigroup upped their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

Hedge Funds Weigh In On BOX

Institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its position in shares of BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after buying an additional 535 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in BOX by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock worth $419,000 after purchasing an additional 560 shares during the period. Connable Office Inc. increased its stake in BOX by 3.8% in the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after purchasing an additional 573 shares in the last quarter. Creative Planning raised its holdings in shares of BOX by 4.2% during the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after purchasing an additional 631 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

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.