Dropbox (DBX) to Release Quarterly Earnings on Thursday

Dropbox (NASDAQ:DBX - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Dropbox to post earnings of $0.62 per share and revenue of $638.61 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Dropbox Trading Up 0.9 %

Shares of DBX traded up $0.29 during trading hours on Friday, hitting $32.78. The company had a trading volume of 2,410,565 shares, compared to its average volume of 2,490,581. The company has a market capitalization of $10.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. Dropbox has a one year low of $20.68 and a one year high of $33.33. The company's fifty day moving average price is $30.80 and its two-hundred day moving average price is $27.30.

Analyst Ratings Changes

Separately, Jefferies Financial Group boosted their price target on Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.50.

Insider Activity at Dropbox

In other Dropbox news, CEO Andrew Houston sold 132,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.12, for a total transaction of $3,711,840.00. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $232,458,647.92. The trade was a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Cox sold 2,330 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.41, for a total value of $61,535.30. Following the sale, the insider now owns 321,871 shares in the company, valued at approximately $8,500,613.11. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 902,568 shares of company stock valued at $26,741,730 in the last ninety days. Corporate insiders own 26.40% 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.