Dropbox, Inc. (NASDAQ:DBX) Insider Eric Cox Sells 3,765 Shares

Dropbox, Inc. (NASDAQ:DBX) insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the transaction, the insider now directly owns 309,550 shares in the company, valued at $8,141,165. This represents a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Dropbox Trading Down 0.3 %

Shares of NASDAQ DBX opened at $25.90 on Tuesday. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.33. The firm has a market capitalization of $8.02 billion, a PE ratio of 18.37, a PEG ratio of 1.70 and a beta of 0.61. The business has a 50-day moving average price of $30.52 and a two-hundred day moving average price of $27.80.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Research analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Dropbox

A number of institutional investors have recently bought and sold shares of the business. Integrated Advisors Network LLC acquired a new stake in Dropbox during the 4th quarter worth about $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dropbox by 8.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,761,252 shares of the company’s stock valued at $52,908,000 after buying an additional 137,916 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Dropbox by 4.6% during the 4th quarter. Vident Advisory LLC now owns 89,977 shares of the company’s stock valued at $2,703,000 after buying an additional 3,962 shares during the last quarter. Vivaldi Capital Management LP acquired a new stake in shares of Dropbox during the 4th quarter valued at about $293,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of Dropbox by 44.7% during the 4th quarter. Two Sigma Advisers LP now owns 131,100 shares of the company’s stock valued at $3,938,000 after buying an additional 40,500 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

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.