Key Points
- Dropbox CAO Sarah Elizabeth Schubach sold 1,168 shares on Jan 15 at $26.84 for $31,349.12, leaving her with 92,702 shares (a 1.24% reduction).
- Schubach has executed multiple recent sales (Oct 30, Nov 20, Dec 1, Dec 29 and Jan 15), totaling 5,738 shares sold since late October, indicating sustained insider selling.
- Dropbox beat quarterly EPS estimates ($0.74 vs. $0.64) with $634.4M revenue (down 0.7% y/y), and the stock trades around $25.49 vs. its 50-day and 200-day moving averages near $28.4–$28.7; consensus rating is "Hold" with an average target of $31.33.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $26.84, for a total transaction of $31,349.12. Following the completion of the transaction, the chief accounting officer owned 92,702 shares of the company's stock, valued at $2,488,121.68. This represents a 1.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sarah Elizabeth Schubach also recently made the following trade(s):
- On Monday, December 29th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The shares were sold at an average price of $27.88, for a total transaction of $32,563.84.
- On Monday, December 1st, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The stock was sold at an average price of $29.60, for a total transaction of $34,572.80.
- 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 transaction 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.
Dropbox Price Performance
Dropbox stock opened at $25.49 on Wednesday. The stock's fifty day moving average is $28.39 and its two-hundred day moving average is $28.69. Dropbox, Inc. has a 1-year low of $24.42 and a 1-year high of $33.33. The stock has a market cap of $6.60 billion, a PE ratio of 14.40, a P/E/G ratio of 2.13 and a beta of 0.62.
Dropbox (NASDAQ:DBX - Get Free Report) last posted 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. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The firm had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.59 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue was down .7% on a year-over-year basis. On average, research analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
DBX has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dropbox in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Dropbox from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Dropbox from $38.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Dropbox currently has a consensus rating of "Hold" and an average target price of $31.33.
Get Our Latest Stock Report on DBX
Institutional Trading of Dropbox
Hedge funds and other institutional investors have recently made changes to their positions in the company. SGL Investment Advisors Inc. raised its holdings in shares of Dropbox by 2.4% during the second quarter. SGL Investment Advisors Inc. now owns 16,143 shares of the company's stock valued at $442,000 after acquiring an additional 375 shares during the period. Kera Capital Partners Inc. boosted its stake in 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 purchasing an additional 460 shares during the period. PNC Financial Services Group Inc. grew its position in Dropbox by 5.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,607 shares of the company's stock worth $246,000 after purchasing an additional 461 shares in the last quarter. Merit Financial Group LLC raised its stake in Dropbox by 4.4% during the 3rd quarter. Merit Financial Group LLC now owns 11,385 shares of the company's stock valued at $344,000 after purchasing an additional 480 shares during the period. Finally, Rossby Financial LCC raised its stake in Dropbox by 128.5% during the 3rd quarter. Rossby Financial LCC now owns 937 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the period. Hedge funds and other institutional investors own 94.84% of the company's stock.
Dropbox Company Profile
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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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