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

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Elizabeth Schubach sold 1,168 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $26.84, for a total value of $31,349.12. Following the completion of the transaction, the chief accounting officer directly owned 92,702 shares in the company, valued at approximately $2,488,121.68. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 29th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The shares were sold at an average price of $27.88, for a total transaction of $32,563.84.
• On Monday, December 1st, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The shares were sold at an average price of $29.60, for a total transaction of $34,572.80.
• On Thursday, November 20th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The stock was sold at an average price of $29.43, for a total transaction of $34,374.24.
• On Thursday, October 30th, Sarah Elizabeth Schubach sold 1,066 shares of Dropbox stock. The shares were sold at an average price of $28.40, for a total transaction of $30,274.40.

Dropbox Price Performance

Shares of DBX stock traded down $0.64 during trading hours on Tuesday, hitting $25.49. The stock had a trading volume of 3,676,631 shares, compared to its average volume of 2,805,047. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.13 and a beta of 0.62. Dropbox, Inc. has a one year low of $24.42 and a one year high of $33.33. The stock’s 50-day moving average price is $28.39 and its two-hundred day moving average price is $28.69.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their target price on Dropbox from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dropbox currently has an average rating of “Hold” and an average target price of $31.33.

Institutional Investors Weigh In On Dropbox

Several hedge funds have recently made changes to their positions in the company. RHS Financial LLC raised its holdings in shares of Dropbox by 10.5% in the fourth quarter. RHS Financial LLC now owns 12,632 shares of the company’s stock valued at $351,000 after acquiring an additional 1,202 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Dropbox by 93.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,484 shares of the company’s stock worth $486,000 after purchasing an additional 8,447 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Dropbox by 57.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 223,706 shares of the company’s stock valued at $6,219,000 after purchasing an additional 82,053 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Dropbox by 2.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 111,283 shares of the company’s stock valued at $3,094,000 after purchasing an additional 2,303 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Dropbox by 20.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,906 shares of the company’s stock valued at $1,077,000 after buying an additional 6,860 shares during the period. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

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.