Dropbox (NASDAQ:DBX) Insider William Yoon Sells 7,142 Shares

Dropbox, Inc. (NASDAQ:DBX) insider William Yoon sold 7,142 shares of Dropbox stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $29.19, for a total transaction of $208,474.98. Following the transaction, the insider directly owned 206,228 shares of the company’s stock, valued at approximately $6,019,795.32. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dropbox Stock Performance

NASDAQ DBX traded down $0.28 during mid-day trading on Wednesday, reaching $29.19. 3,447,447 shares of the stock were exchanged, compared to its average volume of 3,657,548. The company has a market capitalization of $7.55 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 0.65. The business’s 50 day moving average is $29.90 and its 200-day moving average is $28.87. Dropbox, Inc. has a 1 year low of $24.42 and a 1 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 analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The company had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DBX shares. Royal Bank Of Canada increased their price target on Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen raised Dropbox from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Finally, UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and cut their price target for the stock from $29.00 to $27.00 in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.75.

Hedge Funds Weigh In On Dropbox

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rossby Financial LCC increased its position in shares of Dropbox by 128.5% during the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares in the last quarter. Elequin Capital LP boosted its stake in Dropbox by 71.0% during the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after purchasing an additional 469 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Dropbox during the second quarter worth $30,000. Palisade Asset Management LLC purchased a new stake in shares of Dropbox during the third quarter worth $30,000. Finally, First Horizon Corp acquired a new stake in shares of Dropbox in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

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.