Key Points
- Insider Ashraf Alkarmi sold 10,098 shares on Nov. 18 at an average price of $29.18 for $294,659.64, trimming his position by 2.26% to 435,810 shares (worth about $12.72M).
- Dropbox beat Q3 EPS estimates ($0.74 vs. $0.64) with revenue of $634.4M, though revenue was down 0.7% year-over-year and the company reported a negative return on equity of 49.51% despite a 19.87% net margin.
- Analysts are mixed: MarketBeat shows a consensus rating of "Hold" with a $31.75 target, while UBS downgraded to a sell (TP $27) and RBC upgraded to outperform (TP $38).
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) insider Ashraf Alkarmi sold 10,098 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $29.18, for a total transaction of $294,659.64. Following the transaction, the insider owned 435,810 shares of the company's stock, valued at $12,716,935.80. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ashraf Alkarmi also recently made the following trade(s):
- On Monday, September 8th, Ashraf Alkarmi sold 10,000 shares of Dropbox stock. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00.
Dropbox Stock Performance
NASDAQ:DBX opened at $29.33 on Thursday. Dropbox, Inc. has a 52-week low of $24.42 and a 52-week high of $33.33. The company has a market cap of $7.59 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.52 and a beta of 0.65. The stock's 50-day simple moving average is $29.87 and its 200 day simple moving average is $28.87.
Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The firm had revenue of $634.40 million during the quarter, compared to the consensus estimate of $623.59 million. During the same period last year, the company earned $0.60 earnings per share. The business's revenue was down .7% compared to the same quarter last year. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. UBS Group downgraded shares of Dropbox from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $29.00 to $27.00 in a report on Thursday, September 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Dropbox in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Dropbox from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised Dropbox from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dropbox has an average rating of "Hold" and a consensus target price of $31.75.
View Our Latest Analysis on Dropbox
Institutional Investors Weigh In On Dropbox
A number of large investors have recently added to or reduced their stakes in the stock. Rossby Financial LCC increased its position in shares of Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company's stock worth $28,000 after purchasing an additional 527 shares during the period. Elequin Capital LP increased its holdings in Dropbox by 71.0% in the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company's stock valued at $30,000 after buying an additional 469 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Dropbox in the 2nd quarter valued at approximately $30,000. Palisade Asset Management LLC acquired a new position in shares of Dropbox in the 3rd quarter valued at approximately $30,000. Finally, First Horizon Corp bought a new stake in shares of Dropbox during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 94.84% of the company's stock.
Dropbox Company Profile
(
Get Free Report)
Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.
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