Dropbox, Inc. (NASDAQ:DBX) Insider Sells $99,019.50 in Stock

Dropbox, Inc. (NASDAQ:DBX) insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.30, for a total value of $99,019.50. Following the sale, the insider now owns 309,550 shares of the company’s stock, valued at approximately $8,141,165. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dropbox Stock Performance

DBX opened at $25.90 on Tuesday. The business has a 50 day moving average price of $30.52 and a 200 day moving average price of $27.80. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33. The firm has a market cap of $8.02 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.11). Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The company had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. As a group, analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group boosted their target price on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, January 6th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Dropbox by 96.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock worth $26,000 after buying an additional 424 shares during the period. Capital Performance Advisors LLP bought a new position in Dropbox in the 3rd quarter worth approximately $28,000. Avion Wealth increased its position in Dropbox by 4,472.7% in the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock worth $30,000 after buying an additional 984 shares during the period. True Wealth Design LLC increased its position in Dropbox by 191.0% in the 4th quarter. True Wealth Design LLC now owns 1,036 shares of the company’s stock worth $31,000 after buying an additional 680 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Dropbox in the 4th quarter worth approximately $40,000. 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.