Dropbox, Inc. (NASDAQ:DBX – Get Free Report) Director Andrew William Moore sold 8,443 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $27.57, for a total transaction of $232,773.51. Following the completion of the transaction, the director owned 4,737 shares in the company, valued at $130,599.09. The trade was a 64.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dropbox Price Performance
NASDAQ DBX traded up $0.03 during mid-day trading on Wednesday, hitting $27.56. The company’s stock had a trading volume of 2,816,208 shares, compared to its average volume of 3,982,070. Dropbox, Inc. has a 52-week low of $21.69 and a 52-week high of $32.40. The stock’s fifty day simple moving average is $24.57 and its two-hundred day simple moving average is $26.40. The firm has a market capitalization of $6.43 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 3.15 and a beta of 0.64.
Dropbox (NASDAQ:DBX – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. Dropbox had a net margin of 18.71% and a negative return on equity of 30.01%. The firm had revenue of $629.50 million for the quarter, compared to analyst estimates of $620.56 million. During the same quarter last year, the firm posted $0.70 earnings per share. Dropbox’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts forecast that Dropbox, Inc. will post 2.03 earnings per share for the current fiscal year.
Institutional Trading of Dropbox
Dropbox News Summary
Here are the key news stories impacting Dropbox this week:
- Positive Sentiment: Dropbox’s recent quarterly results topped expectations, with EPS of $0.76 versus $0.71 expected and revenue of $629.5 million above estimates, reinforcing the company’s profitability and steady execution. In addition, Wall Street Zen upgraded the stock to buy and RBC lifted its price target to $32, which may be helping sentiment. Article Title
- Neutral Sentiment: Dropbox was highlighted by Zacks as a strong value stock, reflecting its relatively low valuation metrics and appeal to investors looking for a cheaper software name. Article Title
- Neutral Sentiment: Several insiders, including the CEO, CTO, CAO, and two directors, recently sold shares, but the trades were made under pre-arranged 10b5-1 plans and in some cases were tied to tax withholding on vested equity awards, which makes them less likely to signal a negative fundamental view. Article Title
Analyst Upgrades and Downgrades
Several analysts have issued reports on DBX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research report on Monday, May 4th. Citigroup increased their price objective on shares of Dropbox from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday. William Blair reaffirmed an “underperform” rating on shares of Dropbox in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Dropbox from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dropbox currently has a consensus rating of “Reduce” and an average target price of $27.00.
Read Our Latest Analysis on Dropbox
Dropbox Company Profile
Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.
At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.
Featured Articles
- Five stocks we like better than Dropbox
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.
