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On April 7, 2025, Olivia Nottebohm, the Chief Operating Officer of Box Inc (NYSE:BOX), executed a sale of 1,332 shares of the company's Class A Common Stock. The shares were sold at a weighted average price of $29.007 per share, resulting in a total transaction value of approximately $38,637. This transaction was conducted under a Rule 10b5-1 trading plan that Nottebohm adopted on September 24, 2024. According to InvestingPro data, Box maintains impressive gross profit margins of 79% and has shown strong financial health with an overall score rated as "GREAT."
Following the sale, Nottebohm retains direct ownership of 492,545 shares of Box Inc, some of which are represented by restricted stock units. These units entitle her to receive shares of Box's common stock, subject to vesting schedules and her continued service with the company. While the stock has experienced a -3.72% decline over the past week, InvestingPro analysis reveals that management has been actively buying back shares, suggesting confidence in the company's future. Discover 11 more exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Box, Inc. has received FedRAMP High Authorization, allowing U.S. government agencies to manage sensitive data with its services. This significant development includes Box AI and Box Hubs, which are now compliant with over 421 security controls, enhancing secure content management and collaboration. DA Davidson has maintained its Buy rating for Box with a $45 price target, following meetings with the company's executives and highlighting Box's AI strategy and market position. The analysts expressed confidence in Box's growth potential, emphasizing its AI integration as a differentiator in the competitive landscape.
Citi also reaffirmed a Buy rating, setting a $39 price target, and noted Box's focus on AI strategies and Enterprise Advanced use cases. The company's medium-term guidance anticipates 10-15% revenue growth and an EBIT margin of 34-37%, with improved free cash flow margins. Raymond (NSE:RYMD) James has maintained an Outperform rating with a $38 target, citing Box's advancements in AI and workflow automation as key factors in its competitive edge. The firm's strategic direction and AI capabilities are seen as enhancing customer economics and driving future growth.
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