Key Points
- Dropbox CAO Sarah Elizabeth Schubach sold 1,168 shares on Nov. 20 at an average price of $29.43 for $34,374.24, leaving her with 97,374 shares — a 1.19% reduction in her stake.
- The Nov. 20 sale continues a recent pattern of insider selling, following three prior disposals of 1,066 shares each on Sep. 30, Oct. 15 and Oct. 30 at roughly $30.71, $28.62 and $28.40 per share.
- Company results and market view: Dropbox beat Q3 EPS estimates ($0.74 vs. $0.64) and revenue topped expectations at $634.4M despite a 0.7% year-over-year revenue decline; the stock trades near $29.88 with a consensus analyst rating of "Hold" and an average target of $31.75.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,168 shares of the business's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $29.43, for a total value of $34,374.24. Following the completion of the sale, the chief accounting officer directly owned 97,374 shares in the company, valued at approximately $2,865,716.82. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sarah Elizabeth Schubach also recently made the following trade(s):
- On Thursday, October 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The stock was sold at an average price of $28.40, for a total value of $30,274.40.
- On Wednesday, October 15th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were sold at an average price of $28.62, for a total value of $30,508.92.
- On Tuesday, September 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were sold at an average price of $30.71, for a total transaction of $32,736.86.
Dropbox Stock Up 0.7%
Shares of Dropbox stock opened at $29.88 on Tuesday. Dropbox, Inc. has a 12-month low of $24.42 and a 12-month high of $33.33. The stock has a market capitalization of $7.73 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.54 and a beta of 0.66. The company has a 50-day simple moving average of $29.77 and a 200 day simple moving average of $28.87.
Dropbox (NASDAQ:DBX - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.10. The firm had revenue of $634.40 million for the quarter, compared to analysts' expectations of $623.59 million. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current year.
Institutional Investors Weigh In On Dropbox
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Dropbox by 177.2% in the first quarter. Envestnet Asset Management Inc. now owns 109,549 shares of the company's stock valued at $2,926,000 after acquiring an additional 70,023 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Dropbox by 30.3% in the 1st quarter. IFP Advisors Inc now owns 4,328 shares of the company's stock valued at $116,000 after purchasing an additional 1,006 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dropbox during the 1st quarter worth approximately $6,401,000. Cetera Investment Advisers raised its stake in shares of Dropbox by 29.9% during the first quarter. Cetera Investment Advisers now owns 22,218 shares of the company's stock worth $593,000 after buying an additional 5,117 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Dropbox by 170.1% in the first quarter. TD Asset Management Inc now owns 75,900 shares of the company's stock valued at $2,027,000 after buying an additional 47,800 shares during the period. Institutional investors own 94.84% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on DBX. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dropbox in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Dropbox from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Dropbox from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Finally, UBS Group cut shares of Dropbox from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.75.
View Our Latest Report on DBX
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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