Insider Selling: Dropbox (NASDAQ:DBX) Insider Sells 7,142 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX) insider William Yoon sold 7,142 shares of Dropbox stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $29.19, for a total transaction of $208,474.98. Following the transaction, the insider directly owned 206,228 shares in the company, valued at approximately $6,019,795.32. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dropbox Stock Performance

Dropbox stock traded down $0.28 during mid-day trading on Wednesday, reaching $29.19. 3,447,447 shares of the company were exchanged, compared to its average volume of 3,657,548. The business has a fifty day moving average of $29.90 and a 200 day moving average of $28.87. The firm has a market cap of $7.55 billion, a P/E ratio of 16.49, a PEG ratio of 2.54 and a beta of 0.65. Dropbox, Inc. has a 12-month low of $24.42 and a 12-month high of $33.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DBX shares. Wall Street Zen upgraded shares of Dropbox from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group downgraded shares of Dropbox from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $29.00 to $27.00 in a research report on Thursday, September 18th. Royal Bank Of Canada increased their target price on shares of Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.75.

Hedge Funds Weigh In On Dropbox

Several hedge funds and other institutional investors have recently bought and sold shares of DBX. SGL Investment Advisors Inc. lifted its position in Dropbox by 2.4% during the second quarter. SGL Investment Advisors Inc. now owns 16,143 shares of the company’s stock valued at $442,000 after purchasing an additional 375 shares during the period. Kera Capital Partners Inc. raised its stake in shares of Dropbox by 3.7% during the 3rd quarter. Kera Capital Partners Inc. now owns 12,945 shares of the company’s stock valued at $391,000 after buying an additional 460 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Dropbox by 5.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,607 shares of the company’s stock valued at $246,000 after buying an additional 461 shares during the period. Elequin Capital LP lifted its holdings 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 during the period. Finally, Merit Financial Group LLC boosted its stake in shares of Dropbox by 4.4% in the third quarter. Merit Financial Group LLC now owns 11,385 shares of the company’s stock worth $344,000 after buying an additional 480 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

About Dropbox

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.