Insider Selling: Box, Inc. (NYSE:BOX) COO Sells 12,414 Shares of Stock

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

BOX Price Performance

Shares of BOX stock opened at $32.02 on Monday. The firm has a market cap of $4.60 billion, a PE ratio of 40.03 and a beta of 0.86. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74. The stock has a fifty day moving average price of $33.02 and a 200-day moving average price of $30.52.

Institutional Trading of BOX

Large investors have recently added to or reduced their stakes in the stock. Earnest Partners LLC boosted its stake in BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after acquiring an additional 620,450 shares during the last quarter. State Street Corp raised its holdings in shares of BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares during the period. Geode Capital Management LLC lifted its stake in BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Sei Investments Co. grew its holdings in BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after purchasing an additional 125,435 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BOX shares. UBS Group boosted their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Citigroup increased 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 analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

About BOX

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.