Dropbox Inc (DBX) Director Condoleezza Rice Sells 25,000 Shares
Dropbox Inc (NASDAQ:DBX) Director Condoleezza Rice sold 25,000 shares of Dropbox stock in a transaction on Friday, August 24th. The shares were sold at an average price of $27.23, for a total transaction of $680,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:DBX opened at $27.16 on Wednesday. Dropbox Inc has a 52 week low of $26.50 and a 52 week high of $43.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 1.39.
Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $339.20 million during the quarter, compared to analysts’ expectations of $330.90 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 27.2% on a year-over-year basis. equities research analysts predict that Dropbox Inc will post 0.3 EPS for the current fiscal year.
DBX has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Dropbox to $37.00 and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Dropbox from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, May 22nd. Monness Crespi & Hardt assumed coverage on shares of Dropbox in a research note on Monday. They issued a “neutral” rating for the company. Royal Bank of Canada raised shares of Dropbox from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Friday, August 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dropbox to $35.00 and gave the stock an “overweight” rating in a research note on Friday, May 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Dropbox has an average rating of “Buy” and a consensus price target of $34.29.
Dropbox Company Profile
Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.
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