Dropbox Inc (NASDAQ:DBX) insider Quentin Clark sold 16,666 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $26.12, for a total transaction of $435,315.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Quentin Clark also recently made the following trade(s):

  • On Friday, August 24th, Quentin Clark sold 16,666 shares of Dropbox stock. The shares were sold at an average price of $27.23, for a total transaction of $453,815.18.

Shares of Dropbox stock traded up $0.03 during mid-day trading on Thursday, hitting $27.14. 11,842 shares of the stock were exchanged, compared to its average volume of 4,455,808. Dropbox Inc has a twelve month low of $24.78 and a twelve month high of $43.50. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.12.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The firm had revenue of $339.20 million for the quarter, compared to analyst estimates of $330.90 million. During the same period in the prior year, the business earned $0.06 earnings per share. Dropbox’s revenue for the quarter was up 27.2% on a year-over-year basis. research analysts anticipate that Dropbox Inc will post 0.31 EPS for the current fiscal year.

DBX has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on shares of Dropbox to $37.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Royal Bank of Canada raised shares of Dropbox from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Friday, August 10th. JMP Securities raised their price target on shares of Dropbox from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Monness Crespi & Hardt started coverage on shares of Dropbox in a research note on Monday, August 27th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Dropbox from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Dropbox currently has an average rating of “Buy” and an average price target of $34.29.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Dropbox by 56.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,018 shares of the company’s stock worth $260,000 after acquiring an additional 2,888 shares during the period. Trustcore Financial Services LLC lifted its holdings in shares of Dropbox by 702.0% during the 2nd quarter. Trustcore Financial Services LLC now owns 4,010 shares of the company’s stock worth $130,000 after acquiring an additional 3,510 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in shares of Dropbox by 55.1% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 10,643 shares of the company’s stock worth $345,000 after acquiring an additional 3,782 shares during the period. Legal & General Group Plc purchased a new position in shares of Dropbox during the 1st quarter worth about $158,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Dropbox by 41.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,914 shares of the company’s stock worth $581,000 after acquiring an additional 5,271 shares during the period. 13.82% of the stock is currently owned by institutional investors.

About Dropbox

Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.

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