Dropbox (NASDAQ:DBX) CEO Sells $3,058,278.41 in Stock

Dropbox, Inc. (NASDAQ:DBX) CEO Andrew Houston sold 101,167 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $30.23, for a total transaction of $3,058,278.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Houston also recently made the following trade(s):

• On Wednesday, October 1st, Andrew Houston sold 101,167 shares of Dropbox stock. The shares were sold at an average price of $29.64, for a total transaction of $2,998,589.88.
• On Monday, September 8th, Andrew Houston sold 45,835 shares of Dropbox stock. The stock was sold at an average price of $30.04, for a total transaction of $1,376,883.40.

Dropbox Stock Performance

Shares of NASDAQ:DBX traded down $0.23 during midday trading on Tuesday, hitting $29.47. 5,526,735 shares of the stock were exchanged, compared to its average volume of 3,658,497. The company has a market capitalization of $7.63 billion, a PE ratio of 16.65, a P/E/G ratio of 2.75 and a beta of 0.66. The business’s fifty day simple moving average is $29.94 and its two-hundred day simple moving average is $28.86. Dropbox, Inc. has a 52-week low of $24.42 and a 52-week high of $33.33.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Rossby Financial LCC grew its position in Dropbox by 128.5% during the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Elequin Capital LP lifted its position in shares of Dropbox by 71.0% in the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after acquiring an additional 469 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Dropbox during the 2nd quarter worth approximately $30,000. Palisade Asset Management LLC acquired a new stake in shares of Dropbox during the 3rd quarter worth approximately $30,000. Finally, First Horizon Corp bought a new stake in shares of Dropbox during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Company Profile

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.