Key Points
- CEO Andrew Houston sold 164,502 shares of Dropbox on Feb. 2 at an average price of $25.66, generating about $4.22 million (disclosed in an SEC Form 4).
- Since mid-November Houston has sold over 519,000 shares in multiple transactions, raising roughly $14.4 million in total proceeds.
- Dropbox shares trade near $25.11 with 50-/200-day moving averages of $27.53 and $28.59, and analysts' consensus rating is a Hold with an average target of $31.33.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CEO Andrew Houston sold 164,502 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $25.66, for a total value of $4,221,121.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Andrew Houston also recently made the following trade(s):
- On Monday, January 12th, Andrew Houston sold 23,818 shares of Dropbox stock. The stock was sold at an average price of $27.51, for a total transaction of $655,233.18.
- 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 transaction of $996,452.28.
- On Friday, January 2nd, Andrew Houston sold 92,668 shares of Dropbox stock. The shares were sold at an average price of $26.91, for a total transaction of $2,493,695.88.
- On Wednesday, December 3rd, Andrew Houston sold 9,167 shares of Dropbox stock. The stock was 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 shares were sold at an average price of $29.53, for a total value of $2,716,760.00.
- On Friday, November 14th, Andrew Houston sold 101,167 shares of Dropbox stock. The stock was sold at an average price of $30.23, for a total value of $3,058,278.41.
Dropbox Stock Performance
Shares of DBX opened at $25.11 on Thursday. The stock's 50-day moving average price is $27.53 and its two-hundred day moving average price is $28.59. Dropbox, Inc. has a 12 month low of $24.41 and a 12 month high of $33.27. The company has a market capitalization of $6.50 billion, a PE ratio of 14.19, a PEG ratio of 2.05 and a beta of 0.63.
Dropbox (NASDAQ:DBX - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.10. The company had revenue of $634.40 million during the quarter, compared to the consensus estimate 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 was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Equities research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of Dropbox from $38.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Dropbox from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dropbox in a research report on Wednesday, January 21st. 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. Based on data from MarketBeat.com, Dropbox has a consensus rating of "Hold" and an average target price of $31.33.
View Our Latest Research Report on DBX
Institutional Investors Weigh In On Dropbox
Institutional investors and hedge funds have recently made changes to their positions in the business. Rossby Financial LCC lifted its holdings in shares of Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Dropbox during the 2nd quarter worth $30,000. Palisade Asset Management LLC purchased a new position in Dropbox during the 3rd quarter worth $30,000. First Horizon Corp bought a new stake in shares of Dropbox in the 3rd quarter worth $31,000. Finally, LRI Investments LLC raised its holdings in shares of Dropbox by 666.7% in the third quarter. LRI Investments LLC now owns 1,150 shares of the company's stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.
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.
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