Dropbox Inc (NASDAQ:DBX) CFO Ajay Vashee sold 13,750 shares of Dropbox stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $21.16, for a total transaction of $290,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ajay Vashee also recently made the following trade(s):

  • On Friday, June 26th, Ajay Vashee sold 13,750 shares of Dropbox stock. The stock was sold at an average price of $21.68, for a total transaction of $298,100.00.

NASDAQ:DBX opened at $22.75 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of -1,137.50, a PEG ratio of 8.01 and a beta of 0.89. The firm’s fifty day simple moving average is $21.89 and its 200 day simple moving average is $20.04. Dropbox Inc has a twelve month low of $14.55 and a twelve month high of $24.23.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.19. Dropbox had a negative net margin of 0.33% and a positive return on equity of 1.98%. The business had revenue of $455.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Dropbox Inc will post 0.09 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of Dropbox by 28.0% in the 2nd quarter. First Trust Advisors LP now owns 7,760,808 shares of the company’s stock valued at $168,953,000 after purchasing an additional 1,697,624 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Dropbox by 13.7% in the 1st quarter. Pictet Asset Management Ltd. now owns 6,040,481 shares of the company’s stock worth $109,333,000 after purchasing an additional 729,013 shares during the last quarter. State Street Corp lifted its stake in Dropbox by 3.1% during the first quarter. State Street Corp now owns 4,693,871 shares of the company’s stock valued at $84,959,000 after purchasing an additional 142,072 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dropbox by 3.8% during the first quarter. Geode Capital Management LLC now owns 2,938,664 shares of the company’s stock valued at $53,148,000 after purchasing an additional 108,691 shares during the last quarter. Finally, Eaton Vance Management lifted its stake in Dropbox by 27.6% during the first quarter. Eaton Vance Management now owns 2,653,927 shares of the company’s stock valued at $48,036,000 after purchasing an additional 574,667 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company’s stock.

Several analysts have recently issued reports on the stock. Bank of America cut shares of Dropbox from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $25.00 in a research note on Friday. Zacks Investment Research raised shares of Dropbox from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, July 15th. Citigroup assumed coverage on shares of Dropbox in a research note on Friday, May 15th. They set a “buy” rating and a $27.00 price objective for the company. Goldman Sachs Group boosted their price objective on shares of Dropbox from $19.00 to $22.00 and gave the company a “sell” rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price objective on shares of Dropbox from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.86.

Dropbox Company Profile

Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.

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Insider Buying and Selling by Quarter for Dropbox (NASDAQ:DBX)

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