Dropbox (NASDAQ:DBX) CAO Sarah Elizabeth Schubach Sells 1,168 Shares

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

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 shares were 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 value of $32,736.86.

Dropbox Price Performance

NASDAQ:DBX opened at $29.95 on Thursday. The company has a market capitalization of $7.75 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.54 and a beta of 0.63. The business has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $28.89. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Dropbox

A number of large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new position in shares of Dropbox in the 2nd quarter worth $1,404,000. Wealth Enhancement Advisory Services LLC lifted its stake in Dropbox by 11.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,224 shares of the company’s stock worth $1,350,000 after purchasing an additional 5,136 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Dropbox by 22.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,012 shares of the company’s stock worth $258,000 after purchasing an additional 1,641 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Dropbox during the 1st quarter valued at about $2,027,000. Finally, Acadian Asset Management LLC increased its stake in Dropbox by 1.9% in the 1st quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock worth $228,202,000 after purchasing an additional 157,148 shares during the period. Institutional investors own 94.84% of the company’s stock.

About Dropbox

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.