Dropbox (NASDAQ:DBX) CEO Sells $3,058,278.41 in Stock

Dropbox, Inc. (NASDAQ:DBX) CEO Andrew Houston sold 101,167 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $30.23, for a total transaction of $3,058,278.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Andrew Houston also recently made the following trade(s):

• On Wednesday, October 1st, Andrew Houston sold 101,167 shares of Dropbox stock. The shares were sold at an average price of $29.64, for a total transaction of $2,998,589.88.
• On Monday, September 8th, Andrew Houston sold 45,835 shares of Dropbox stock. The stock was sold at an average price of $30.04, for a total transaction of $1,376,883.40.

Dropbox Stock Down 0.8%

DBX traded down $0.23 during midday trading on Tuesday, reaching $29.47. 5,526,735 shares of the company’s stock were exchanged, compared to its average volume of 3,658,497. The business has a 50-day simple moving average of $29.94 and a two-hundred day simple moving average of $28.86. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. Dropbox, Inc. has a one year low of $24.42 and a one year high of $33.33.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on DBX. Royal Bank Of Canada increased their price objective on Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. UBS Group lowered shares of 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 report on Thursday, September 18th. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DBX. LSV Asset Management lifted its position in Dropbox by 38.1% during the 3rd quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after buying an additional 3,205,140 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Dropbox in the second quarter worth about $56,911,000. Norges Bank bought a new position in shares of Dropbox in the second quarter worth about $51,307,000. Seizert Capital Partners LLC lifted its position in shares of Dropbox by 524.8% during the first quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company’s stock worth $50,198,000 after purchasing an additional 1,578,566 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Dropbox by 47.8% during 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 during the last quarter. 94.84% of the stock is owned by institutional investors.

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.