Dropbox (NASDAQ:DBX) Insider Ashraf Alkarmi Sells 10,098 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX) insider Ashraf Alkarmi sold 10,098 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $29.18, for a total value of $294,659.64. Following the sale, the insider owned 435,810 shares in the company, valued at approximately $12,716,935.80. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ashraf Alkarmi also recently made the following trade(s):

• On Monday, September 8th, Ashraf Alkarmi sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $30.00, for a total value of $300,000.00.

Dropbox Stock Performance

Dropbox stock opened at $29.33 on Thursday. The business’s fifty day moving average is $29.87 and its two-hundred day moving average is $28.87. The firm has a market cap of $7.59 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.52 and a beta of 0.65. Dropbox, Inc. has a 52 week low of $24.42 and a 52 week high of $33.33.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The business had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Dropbox

Hedge funds have recently modified their holdings of the business. LSV Asset Management increased its position in shares of Dropbox by 38.1% during the third quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after acquiring an additional 3,205,140 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Dropbox in the 2nd quarter worth $56,911,000. Norges Bank bought a new position in Dropbox during the 2nd quarter worth about $51,307,000. Seizert Capital Partners LLC raised its stake in shares of Dropbox by 524.8% in the 1st quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company’s stock valued at $50,198,000 after purchasing an additional 1,578,566 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Dropbox by 47.8% in the third quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock valued at $64,164,000 after purchasing an additional 686,577 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

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.