Sarah Elizabeth Schubach Sells 1,415 Shares of Dropbox (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,415 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $22.99, for a total value of $32,530.85. Following the completion of the transaction, the chief accounting officer directly owned 137,875 shares of the company's stock, valued at $3,169,746.25. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Sarah Elizabeth Schubach also recently made the following trade(s):

• On Tuesday, March 31st, Sarah Elizabeth Schubach sold 1,416 shares of Dropbox stock. The shares were sold at an average price of $22.60, for a total value of $32,001.60.
• On Monday, March 16th, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $25.76, for a total value of $36,450.40.
• On Monday, March 2nd, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $24.76, for a total value of $35,035.40.
• On Wednesday, February 18th, Sarah Elizabeth Schubach sold 1,416 shares of Dropbox stock. The stock was sold at an average price of $24.49, for a total value of $34,677.84.

Dropbox Trading Up 0.7%

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Dropbox stock opened at $24.27 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 13.05, a PEG ratio of 1.70 and a beta of 0.61. The stock has a fifty day moving average price of $24.39 and a 200 day moving average price of $26.96. Dropbox, Inc. has a 52 week low of $21.69 and a 52 week high of $32.40.

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Dropbox (NASDAQ:DBX - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. The firm had revenue of $636.20 million during the quarter, compared to analyst estimates of $627.83 million. Dropbox had a negative return on equity of 37.47% and a net margin of 20.17%.The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, equities analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Dropbox

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthCollab LLC increased its stake in shares of Dropbox by 20.6% in the fourth quarter. WealthCollab LLC now owns 2,356 shares of the company's stock worth $65,000 after acquiring an additional 403 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Dropbox by 8.3% in the fourth quarter. Parallel Advisors LLC now owns 5,765 shares of the company's stock valued at $160,000 after buying an additional 440 shares during the period. Lakewood Asset Management LLC lifted its stake in shares of Dropbox by 1.0% in the fourth quarter. Lakewood Asset Management LLC now owns 44,905 shares of the company's stock valued at $1,248,000 after buying an additional 458 shares during the period. Kera Capital Partners Inc. raised its position in Dropbox by 3.7% in the third quarter. Kera Capital Partners Inc. now owns 12,945 shares of the company's stock worth $391,000 after purchasing an additional 460 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Dropbox by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,254 shares of the company's stock worth $730,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.

Analyst Ratings Changes

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A number of brokerages recently weighed in on DBX. Royal Bank Of Canada reduced their target price on Dropbox from $35.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. JPMorgan Chase & Co. dropped their target price on Dropbox from $29.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, February 20th. William Blair reissued an "underperform" rating on shares of Dropbox in a report on Monday, March 23rd. UBS Group lowered their target price on Dropbox from $27.00 to $23.00 and set a "sell" rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dropbox in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Dropbox currently has a consensus rating of "Reduce" and an average price target of $27.50.

View Our Latest Report on DBX

About Dropbox

(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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