Key Points
- Dropbox CAO Sarah Elizabeth Schubach sold 1,631 shares at an average price of $35.50, generating approximately $57,901. The transaction was made under a pre-arranged Rule 10b5-1 plan, and she retained 115,150 shares.
- Dropbox recently reported quarterly earnings of $0.75 per share and revenue of $631.5 million, exceeding analyst expectations; revenue increased 0.9% year over year.
- DBX shares opened at $34.50, near their 52-week high of $36.37, while analysts maintain a consensus “Reduce” rating and an average price target of $28.25. Institutional investors own approximately 94.84% of the stock.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,631 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $35.50, for a total value of $57,900.50. Following the completion of the transaction, the chief accounting officer owned 115,150 shares of the company's stock, valued at $4,087,825. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sarah Elizabeth Schubach also recently made the following trade(s):
- On Thursday, August 20th, Sarah Elizabeth Schubach sold 1,631 shares of Dropbox stock. The stock was sold at an average price of $34.01, for a total transaction of $55,470.31.
- On Friday, July 31st, Sarah Elizabeth Schubach sold 1,632 shares of Dropbox stock. The stock was sold at an average price of $31.61, for a total value of $51,587.52.
- On Tuesday, June 30th, Sarah Elizabeth Schubach sold 1,305 shares of Dropbox stock. The shares were sold at an average price of $27.11, for a total value of $35,378.55.
- On Monday, June 15th, Sarah Elizabeth Schubach sold 1,306 shares of Dropbox stock. The shares were sold at an average price of $26.90, for a total value of $35,131.40.
Dropbox Price Performance
Shares of Dropbox stock opened at $34.50 on Thursday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 5.07 and a beta of 0.65. The stock's 50-day moving average is $31.78 and its 200-day moving average is $27.62. Dropbox, Inc. has a one year low of $21.69 and a one year high of $36.37.
Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.01. The business had revenue of $631.50 million during the quarter, compared to the consensus estimate of $626.69 million. Dropbox had a negative return on equity of 24.26% and a net margin of 17.49%.Dropbox's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities analysts expect that Dropbox, Inc. will post 1.93 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in Dropbox by 7.3% in the first quarter. Empowered Funds LLC now owns 38,795 shares of the company's stock valued at $1,036,000 after purchasing an additional 2,655 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Dropbox by 10.8% during the 2nd quarter. Cetera Investment Advisers now owns 24,623 shares of the company's stock worth $704,000 after purchasing an additional 2,405 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Dropbox by 88.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company's stock worth $48,000 after purchasing an additional 787 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Dropbox by 75.8% in the 2nd quarter. Cresset Asset Management LLC now owns 15,230 shares of the company's stock valued at $436,000 after buying an additional 6,569 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Dropbox by 360.9% in the 2nd quarter. Federated Hermes Inc. now owns 117,852 shares of the company's stock valued at $3,371,000 after buying an additional 92,280 shares during the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Dropbox
Here are the key news stories impacting Dropbox this week:
- Positive Sentiment: Dropbox previously exceeded quarterly earnings and revenue expectations, reporting $0.75 in EPS versus the $0.74 consensus and $631.5 million in revenue versus $626.7 million expected. Revenue increased 0.9% year over year, providing a supportive fundamental backdrop.
- Neutral Sentiment: Chief Accounting Officer Sarah Elizabeth Schubach sold 1,631 shares for approximately $57,901 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she still owned 115,150 shares afterward, it is a limited signal about management’s outlook. Dropbox insider sale
- Negative Sentiment: About 5,000 Dropbox accounts were reportedly compromised in an August security incident involving a legacy Lenovo ID login. Attackers allegedly accessed accounts using victims’ email addresses rather than passwords and viewed or downloaded files. The incident raises concerns about platform security, customer trust, potential remediation costs and regulatory exposure. Reuters report on Dropbox account compromise
- Negative Sentiment: Options trading showed elevated demand for downside protection, with 3,282 Dropbox put contracts purchased—48% above the average daily volume of 2,217. This suggests some traders are positioning for weakness or hedging risk, although options activity alone does not confirm a fundamental decline.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on DBX shares. Citigroup raised their price target on shares of Dropbox from $28.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Royal Bank Of Canada reissued an "outperform" rating on shares of Dropbox in a research report on Monday, June 1st. William Blair upgraded shares of Dropbox from an "underperform" rating to a "market perform" rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of Dropbox from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Dropbox from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Dropbox presently has a consensus rating of "Reduce" and a consensus price target of $28.25.
Get Our Latest Analysis on Dropbox
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
