Key Points
- CAO Sarah Elizabeth Schubach sold 1,168 Dropbox shares on December 1 at an average price of $29.60 for $34,572.80, leaving her with 96,206 shares (a 1.20% decrease in her holding, valued ~ $2.85M).
- The December sale continues a pattern of recent insider sales by Schubach — multiple similar-sized disposals occurred in September, October and November, indicating an ongoing reduction in her position.
- Dropbox recently beat quarterly estimates with $0.74 EPS vs. $0.64 expected and revenue of $634.4M vs. $623.6M expected; the stock has a market cap of about $7.75B and a 1‑year range of $24.42–$33.33.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,168 shares of the firm's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $29.60, for a total value of $34,572.80. Following the completion of the sale, the chief accounting officer directly owned 96,206 shares in the company, valued at $2,847,697.60. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Sarah Elizabeth Schubach also recently made the following trade(s):
- On Thursday, November 20th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The stock was sold at an average price of $29.43, for a total value of $34,374.24.
- On Thursday, October 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were 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 stock was 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 stock was sold at an average price of $30.71, for a total transaction of $32,736.86.
Dropbox Price Performance
DBX stock opened at $29.95 on Thursday. The firm has a 50-day moving average of $29.56 and a 200 day moving average of $28.89. The company has a market cap of $7.75 billion, a P/E ratio of 16.99, a PEG ratio of 2.54 and a beta of 0.63. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33.
Dropbox (NASDAQ:DBX - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.10. The company had revenue of $634.40 million during the quarter, compared to analysts' expectations of $623.59 million. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, equities research analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dropbox
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SGL Investment Advisors Inc. grew its stake in shares of Dropbox by 2.4% in the second quarter. SGL Investment Advisors Inc. now owns 16,143 shares of the company's stock worth $442,000 after acquiring an additional 375 shares during the period. Kera Capital Partners Inc. boosted its stake in shares of Dropbox by 3.7% in the 3rd quarter. Kera Capital Partners Inc. now owns 12,945 shares of the company's stock worth $391,000 after buying an additional 460 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Dropbox by 5.7% in the second quarter. PNC Financial Services Group Inc. now owns 8,607 shares of the company's stock worth $246,000 after acquiring an additional 461 shares during the period. Elequin Capital LP increased its position in Dropbox by 71.0% during the first quarter. Elequin Capital LP now owns 1,130 shares of the company's stock valued at $30,000 after acquiring an additional 469 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in Dropbox by 4.4% during the third quarter. Merit Financial Group LLC now owns 11,385 shares of the company's stock valued at $344,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 94.84% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Dropbox from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. UBS Group cut 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 note on Thursday, September 18th. Royal Bank Of Canada increased 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, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dropbox in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Dropbox currently has an average rating of "Hold" and a consensus target price of $31.75.
Check Out Our Latest Stock Analysis on Dropbox
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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