Dropbox, Inc. (NASDAQ:DBX) Insider Eric Cox Sells 3,765 Shares

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) insider Eric Cox sold 3,765 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $26.30, for a total transaction of $99,019.50. Following the completion of the sale, the insider now directly owns 309,550 shares of the company's stock, valued at $8,141,165. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dropbox Stock Up 0.7 %

Shares of DBX traded up $0.19 during mid-day trading on Friday, reaching $25.82. 1,514,762 shares of the stock traded hands, compared to its average volume of 3,444,940. The stock has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $27.80. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.70 and a beta of 0.77.

Dropbox (NASDAQ:DBX - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.11). The firm had revenue of $643.60 million for the quarter, compared to analysts' expectations of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. On average, equities research analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

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Analyst Ratings Changes

Separately, Jefferies Financial Group boosted their price objective on Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, January 6th.

Hedge Funds Weigh In On Dropbox

Several institutional investors and hedge funds have recently made changes to their positions in DBX. Pacer Advisors Inc. raised its holdings in Dropbox by 4.5% in the third quarter. Pacer Advisors Inc. now owns 7,788,652 shares of the company's stock valued at $198,065,000 after acquiring an additional 333,245 shares in the last quarter. LSV Asset Management increased its position in shares of Dropbox by 24.0% in the 4th quarter. LSV Asset Management now owns 6,446,121 shares of the company's stock worth $193,641,000 after purchasing an additional 1,245,563 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Dropbox by 6.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company's stock valued at $158,670,000 after purchasing an additional 365,893 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Dropbox by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock worth $156,955,000 after purchasing an additional 1,440,887 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Dropbox by 0.6% in the third quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company's stock worth $111,368,000 after purchasing an additional 25,893 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

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.