Box COO Nottebohm sells $69k in shares

Published 26/06/2025, 23:50
Box COO Nottebohm sells $69k in shares

Olivia Nottebohm, Chief Operating Officer of BOX INC (NYSE:BOX), sold 2,013 shares of Class A Common Stock on June 25, 2025, according to a recent SEC Form 4 filing. The shares were sold at a price of $34.60, for a total transaction value of $69,649. The transaction comes as BOX maintains impressive gross profit margins of 79% and has seen its stock rise 33% over the past year. According to InvestingPro data, seven analysts have recently revised their earnings expectations upward for the upcoming period.

Following the transaction, Nottebohm directly owns 534,086 shares of BOX INC, some of which are represented by restricted stock units. While this insider sale has occurred, InvestingPro analysis shows BOX maintains a "GREAT" overall financial health score of 3.1 out of 5, with management actively pursuing share buybacks.

The sale was executed under a Rule 10b5-1 trading plan adopted on September 24, 2024. For deeper insights into BOX’s valuation and growth prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Box, Inc. reported first-quarter revenue that exceeded consensus estimates, driven by stronger billings and early renewals. Despite this positive performance, the company introduced a slightly lower billings guidance for fiscal year 2026, citing macroeconomic uncertainties. RBC Capital Markets raised its price target for Box to $24 but maintained an Underperform rating, noting stable Net Revenue Retention rates and potential growth linked to upgrades in its Enterprise Agreement SKU. Raymond (NSE:RYMD) James increased its price target to $42 and retained an Outperform rating, highlighting the significant adoption of Box’s enterprise advanced plan and the potential for sustained double-digit growth rates. DA Davidson also lifted its price target to $45, maintaining a Buy rating, and emphasized Box’s strong start to the fiscal year, with early renewals and interest in the new Enterprise Advanced tier. JPMorgan raised its price target to $39, maintaining an Overweight rating, and noted the company’s 27% year-over-year billings growth in USD, which surpassed expectations. Box’s strong demand for its Enterprise Advanced SKU and AI offerings contributed to this growth, although the company has adjusted its billings growth outlook due to economic uncertainties. The various analyst evaluations reflect a positive outlook on Box’s strategic initiatives and growth potential, albeit with some caution due to the broader economic environment.

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