Key Points
- On Jan. 12 Dropbox CEO Andrew Houston sold 23,818 shares at $27.51 for $655,233, adding to a recent string of insider sales that total roughly $10.2 million over the past two months.
- Dropbox shares trade around $26.75 with a $6.92 billion market cap; the company recently beat quarterly EPS and revenue estimates despite revenue down 0.7% year‑over‑year, and analysts hold a consensus Hold rating with a $31.33 target.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CEO Andrew Houston sold 23,818 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $27.51, for a total value of $655,233.18. The sale was disclosed in a filing with the SEC, which is available through this link.
Andrew Houston also recently made the following trade(s):
- On Friday, January 9th, Andrew Houston sold 36,182 shares of Dropbox stock. The shares were sold at an average price of $27.54, for a total value of $996,452.28.
- On Friday, January 2nd, Andrew Houston sold 92,668 shares of Dropbox stock. The stock was sold at an average price of $26.91, for a total value of $2,493,695.88.
- On Wednesday, December 3rd, Andrew Houston sold 9,167 shares of Dropbox stock. The shares were sold at an average price of $30.00, for a total transaction of $275,010.00.
- On Monday, December 1st, Andrew Houston sold 92,000 shares of Dropbox stock. The stock was sold at an average price of $29.53, for a total transaction of $2,716,760.00.
- On Friday, November 14th, Andrew Houston sold 101,167 shares of Dropbox stock. The shares were sold at an average price of $30.23, for a total transaction of $3,058,278.41.
Dropbox Price Performance
Dropbox stock opened at $26.75 on Wednesday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The firm has a 50-day moving average of $28.77 and a two-hundred day moving average of $28.75. 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 announced its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) 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 analyst estimates of $623.59 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. Dropbox's quarterly revenue was down .7% on a year-over-year basis. Research analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Dropbox by 2.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 111,283 shares of the company's stock worth $3,094,000 after acquiring an additional 2,303 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Dropbox by 20.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,906 shares of the company's stock worth $1,077,000 after purchasing an additional 6,860 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Dropbox by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 8,992 shares of the company's stock worth $250,000 after purchasing an additional 962 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Dropbox by 3,963.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 312,892 shares of the company's stock valued at $9,452,000 after purchasing an additional 305,192 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Dropbox by 213.0% in the 3rd quarter. IFP Advisors Inc now owns 26,071 shares of the company's stock worth $832,000 after purchasing an additional 17,741 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on DBX shares. Wall Street Zen upgraded Dropbox from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Royal Bank Of Canada reduced their price target on shares of Dropbox from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dropbox in a research note on Wednesday, October 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 analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dropbox currently has a consensus rating of "Hold" and a consensus target price of $31.33.
Read Our Latest Stock Report on DBX
Dropbox Company Profile
(
Get Free Report)
Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.
At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.
Further Reading
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