Dropbox (NASDAQ:DBX - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.11), Zacks reports. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%.
Dropbox Stock Performance
NASDAQ DBX traded down $0.79 during trading hours on Thursday, hitting $31.88. 6,605,444 shares of the company's stock were exchanged, compared to its average volume of 2,927,851. The business's 50 day moving average is $31.03 and its 200-day moving average is $27.48. Dropbox has a 12-month low of $20.68 and a 12-month high of $33.33. The firm has a market capitalization of $9.87 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.77 and a beta of 0.61.
Insider Buying and Selling
In other news, CFO Timothy Regan sold 2,500 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.19, for a total value of $80,475.00. Following the transaction, the chief financial officer now directly owns 396,264 shares in the company, valued at $12,755,738.16. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Houston sold 137,499 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $30.05, for a total value of $4,131,844.95. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 900,238 shares of company stock worth $26,680,195. 28.59% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group increased their price objective on Dropbox from $27.00 to $30.00 and gave the company a "hold" rating in a research note on Monday, January 6th.
Check Out Our Latest Analysis on Dropbox
About Dropbox
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dropbox, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dropbox wasn't on the list.
While Dropbox currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
