Dropbox (NASDAQ:DBX) CAO Sells $34,572.80 in Stock

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $29.60, for a total value of $34,572.80. Following the transaction, the chief accounting officer directly owned 96,206 shares of the company’s stock, valued at $2,847,697.60. The trade was a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, November 20th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The shares were 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 stock was sold at an average price of $28.40, for a total transaction of $30,274.40.
• On Wednesday, October 15th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The stock was sold at an average price of $28.62, for a total transaction of $30,508.92.
• On Tuesday, September 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were sold at an average price of $30.71, for a total transaction of $32,736.86.

Dropbox Trading Up 0.8%

Shares of DBX traded up $0.23 during mid-day trading on Wednesday, reaching $29.94. 2,795,484 shares of the stock traded hands, compared to its average volume of 3,627,146. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33. The firm has a fifty day moving average price of $29.59 and a 200 day moving average price of $28.89.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The company had revenue of $634.40 million during the quarter, compared to analyst estimates of $623.59 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DBX shares. Wall Street Zen upgraded shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $29.00 to $27.00 in a report on Thursday, September 18th. Royal Bank Of Canada lifted their price objective on shares of Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dropbox in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.75.

Institutional Trading of Dropbox

Several hedge funds have recently added to or reduced their stakes in the business. SGL Investment Advisors Inc. increased its holdings in shares of Dropbox by 2.4% in the second quarter. SGL Investment Advisors Inc. now owns 16,143 shares of the company’s stock worth $442,000 after buying an additional 375 shares during the period. Kera Capital Partners Inc. grew its position in Dropbox by 3.7% during the 3rd quarter. Kera Capital Partners Inc. now owns 12,945 shares of the company’s stock worth $391,000 after acquiring an additional 460 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Dropbox by 5.7% in 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 during the period. Elequin Capital LP lifted its position in Dropbox by 71.0% in the first quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock valued at $30,000 after purchasing an additional 469 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings 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 buying an additional 480 shares during the last quarter. 94.84% of the stock is owned by institutional investors.

Dropbox Company Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.