Dropbox Inc (NASDAQ:DBX) CFO Ajay Vashee sold 13,750 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $21.68, for a total transaction of $298,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ajay Vashee also recently made the following trade(s):
- On Tuesday, April 28th, Ajay Vashee sold 41,250 shares of Dropbox stock. The shares were sold at an average price of $21.08, for a total transaction of $869,550.00.
DBX opened at $21.77 on Wednesday. Dropbox Inc has a fifty-two week low of $14.55 and a fifty-two week high of $26.20. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.23 and a current ratio of 1.23. The company has a fifty day moving average of $22.25 and a two-hundred day moving average of $19.42. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 425.80, a PEG ratio of 7.70 and a beta of 0.90.
Dropbox (NASDAQ:DBX) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.19. The firm had revenue of $455.00 million during the quarter, compared to analyst estimates of $451.27 million. Dropbox had a positive return on equity of 1.98% and a negative net margin of 0.33%. Dropbox’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. On average, equities research analysts forecast that Dropbox Inc will post 0.09 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their price target on Dropbox from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Jefferies Financial Group raised their price objective on Dropbox from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. TheStreet upgraded Dropbox from a “d” rating to a “c” rating in a research report on Friday, May 8th. Citigroup started coverage on shares of Dropbox in a report on Friday, May 15th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, BidaskClub raised shares of Dropbox from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.31.
Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Dropbox during the 1st quarter valued at approximately $32,000. PSI Advisors LLC purchased a new stake in Dropbox in the 4th quarter worth $35,000. Point72 Hong Kong Ltd raised its position in Dropbox by 316.7% during the fourth quarter. Point72 Hong Kong Ltd now owns 3,709 shares of the company’s stock worth $66,000 after acquiring an additional 2,819 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Dropbox by 1,205.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the company’s stock valued at $83,000 after purchasing an additional 4,278 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Dropbox by 100.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,759 shares of the company’s stock valued at $84,000 after purchasing an additional 2,390 shares during the period. Institutional investors and hedge funds own 47.02% of the company’s stock.
Dropbox Company Profile
Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.
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