Key Points
- CTO Ali Dasdan sold 5,666 Dropbox shares on Nov. 24 for $30.00 each, netting $169,980 and reducing his stake by about 1.08% to 520,474 shares (≈$15.6M).
- This sale is part of repeated insider selling—Dasdan also sold shares on Nov. 18 (5,666 shares at $29.19) and Sept. 8 (12,812 shares at $30), representing substantial recent insider dispositions.
- Dropbox recently beat quarterly EPS and revenue estimates ($0.74 EPS vs. $0.64 est.; $634.4M revenue vs. $623.6M est.), but revenue was down 0.7% YoY and analysts remain mixed with a consensus Hold rating and $31.75 target.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CTO Ali Dasdan sold 5,666 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $30.00, for a total value of $169,980.00. Following the transaction, the chief technology officer directly owned 520,474 shares of the company's stock, valued at approximately $15,614,220. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ali Dasdan also recently made the following trade(s):
- On Tuesday, November 18th, Ali Dasdan sold 5,666 shares of Dropbox stock. The shares were sold at an average price of $29.19, for a total value of $165,390.54.
- On Tuesday, November 18th, Ali Dasdan sold 5,666 shares of Dropbox stock. The shares were sold at an average price of $29.19, for a total transaction of $165,390.54.
- On Monday, September 8th, Ali Dasdan sold 12,812 shares of Dropbox stock. The stock was sold at an average price of $30.00, for a total transaction of $384,360.00.
Dropbox Trading Down 0.6%
DBX opened at $29.67 on Thursday. Dropbox, Inc. has a 12 month low of $24.42 and a 12 month high of $33.33. The stock has a 50-day moving average of $29.68 and a 200 day moving average of $28.88. The firm has a market cap of $7.68 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.55 and a beta of 0.65.
Dropbox (NASDAQ:DBX - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $623.59 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on DBX shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Dropbox in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of Dropbox from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, November 7th. Wall Street Zen raised Dropbox from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Finally, UBS Group lowered shares of Dropbox from a "neutral" rating to a "sell" rating and cut their price objective for the company from $29.00 to $27.00 in a report on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Dropbox currently has a consensus rating of "Hold" and a consensus target price of $31.75.
View Our Latest Report on DBX
Institutional Investors Weigh In On Dropbox
A number of large investors have recently made changes to their positions in DBX. LSV Asset Management increased its position in shares of Dropbox by 38.1% in the 3rd quarter. LSV Asset Management now owns 11,613,642 shares of the company's stock valued at $350,848,000 after acquiring an additional 3,205,140 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Dropbox in the second quarter valued at about $56,911,000. Norges Bank purchased a new position in shares of Dropbox in the second quarter worth about $51,307,000. Seizert Capital Partners LLC raised its stake in shares of Dropbox by 524.8% in the first quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company's stock worth $50,198,000 after purchasing an additional 1,578,566 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Dropbox by 47.8% during the third quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company's stock worth $64,164,000 after purchasing an additional 686,577 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.
About Dropbox
(
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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