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

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Elizabeth Schubach sold 1,168 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $29.43, for a total value of $34,374.24. Following the transaction, the chief accounting officer directly owned 97,374 shares in the company, valued at approximately $2,865,716.82. This represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sarah Elizabeth Schubach also recently made the following trade(s):

• 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 value 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 value of $30,508.92.
• On Tuesday, September 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were sold at an average price of $30.71, for a total transaction of $32,736.86.

Dropbox Trading Up 0.7%

Shares of Dropbox stock opened at $29.88 on Tuesday. The firm has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $28.87. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.54 and a beta of 0.66. Dropbox, Inc. has a 1-year low of $24.42 and a 1-year high of $33.33.

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

Institutional Trading of Dropbox

A number of institutional investors and hedge funds have recently modified their holdings of DBX. Rossby Financial LCC lifted its position in Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. Elequin Capital LP raised its stake in shares of Dropbox by 71.0% in the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock valued at $30,000 after buying an additional 469 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Dropbox during the 2nd quarter worth about $30,000. Palisade Asset Management LLC acquired a new stake in shares of Dropbox during the 3rd quarter valued at about $30,000. Finally, First Horizon Corp bought a new stake in Dropbox in the third quarter valued at about $31,000. 94.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DBX shares. Royal Bank Of Canada boosted their price objective on Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Dropbox from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Thursday, September 18th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.75.

Dropbox Company Profile

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.