Dropbox, Inc. (NASDAQ:DBX – Get Free Report) CAO Sarah Elizabeth Schubach sold 1,305 shares of Dropbox stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $27.11, for a total value of $35,378.55. Following the sale, the chief accounting officer owned 127,204 shares in the company, valued at $3,448,500.44. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sarah Elizabeth Schubach also recently made the following trade(s):
- On Monday, June 15th, Sarah Elizabeth Schubach sold 1,306 shares of Dropbox stock. The shares were sold at an average price of $26.90, for a total value of $35,131.40.
- On Monday, June 1st, Sarah Elizabeth Schubach sold 1,305 shares of Dropbox stock. The stock was sold at an average price of $27.66, for a total transaction of $36,096.30.
- On Tuesday, May 19th, Sarah Elizabeth Schubach sold 1,306 shares of Dropbox stock. The stock was sold at an average price of $28.14, for a total transaction of $36,750.84.
- On Thursday, April 30th, Sarah Elizabeth Schubach sold 1,769 shares of Dropbox stock. The stock was sold at an average price of $23.95, for a total transaction of $42,367.55.
- On Wednesday, April 15th, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The shares were sold at an average price of $22.99, for a total transaction of $32,530.85.
Dropbox Price Performance
NASDAQ DBX opened at $28.56 on Friday. Dropbox, Inc. has a 12 month low of $21.69 and a 12 month high of $32.40. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.13 and a beta of 0.66. The company’s fifty day moving average price is $26.61 and its two-hundred day moving average price is $25.88.
Wall Street Analyst Weigh In
Several analysts have issued reports on DBX shares. Weiss Ratings restated a “hold (c)” rating on shares of Dropbox in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dropbox in a research report on Monday, June 1st. Wall Street Zen upgraded Dropbox from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Citigroup upped their price target on Dropbox from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, William Blair restated an “underperform” rating on shares of Dropbox in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Dropbox presently has an average rating of “Reduce” and an average target price of $27.00.
View Our Latest Stock Report on DBX
Institutional Investors Weigh In On Dropbox
Several institutional investors and hedge funds have recently bought and sold shares of DBX. Palisade Asset Management LLC bought a new position in Dropbox in the third quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in shares of Dropbox during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in shares of Dropbox by 228.0% during the fourth quarter. Larson Financial Group LLC now owns 1,138 shares of the company’s stock valued at $32,000 after purchasing an additional 791 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dropbox by 78.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock worth $36,000 after purchasing an additional 558 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Dropbox during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 94.84% of the company’s stock.
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.
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