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

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock in a transaction on Monday, December 1st. The shares were sold at an average price of $29.60, for a total transaction of $34,572.80. Following the completion of the sale, the chief accounting officer directly owned 96,206 shares of the company’s stock, valued at approximately $2,847,697.60. The trade was a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $30.71, for a total value of $32,736.86.

Dropbox Price Performance

Shares of DBX stock traded up $0.23 during trading hours on Wednesday, reaching $29.94. The company had a trading volume of 2,795,484 shares, compared to its average volume of 3,627,146. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. Dropbox, Inc. has a 12 month low of $24.42 and a 12 month high of $33.33. The business has a fifty day simple moving average of $29.59 and a 200-day simple moving average of $28.89.

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

Institutional Investors Weigh In On Dropbox

Several large investors have recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Dropbox by 38.1% during the third quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock valued at $350,848,000 after purchasing an additional 3,205,140 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Dropbox during the 2nd quarter valued at approximately $56,911,000. Norges Bank purchased a new stake in shares of Dropbox during the 2nd quarter valued at approximately $51,307,000. Allianz Asset Management GmbH boosted its holdings in Dropbox by 47.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock worth $64,164,000 after buying an additional 686,577 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Dropbox by 38.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,482,705 shares of the company’s stock valued at $66,313,000 after buying an additional 684,882 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

DBX has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Wall Street Zen raised Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Royal Bank Of Canada raised their target price on Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, UBS Group cut Dropbox from a “neutral” rating to a “sell” rating and lowered their target price for the stock 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.75.

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.