Dropbox, Inc. (NASDAQ:DBX) Given Average Rating of "Hold" by Analysts

Shares of Dropbox, Inc. (NASDAQ:DBX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.67.

Separately, UBS Group dropped their target price on Dropbox from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 9th.

Insiders Place Their Bets

In related news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $24.35, for a total transaction of $60,875.00. Following the completion of the transaction, the chief financial officer now directly owns 485,724 shares in the company, valued at $11,827,379.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Andrew Houston sold 351,306 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $25.12, for a total value of $8,824,806.72. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares of the company's stock, valued at $207,658,649.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $24.35, for a total transaction of $60,875.00. Following the sale, the chief financial officer now owns 485,724 shares in the company, valued at approximately $11,827,379.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 457,452 shares of company stock worth $11,480,062. Insiders own 26.40% of the company's stock.

Institutional Trading of Dropbox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBX. GAMMA Investing LLC increased its holdings in shares of Dropbox by 274.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,238 shares of the company's stock worth $28,000 after buying an additional 907 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Dropbox by 548.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,382 shares of the company's stock worth $31,000 after purchasing an additional 1,169 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Dropbox in the 3rd quarter valued at about $31,000. Quarry LP grew its holdings in shares of Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company's stock worth $44,000 after purchasing an additional 880 shares during the period. Finally, UMB Bank n.a. increased its position in Dropbox by 2,479.4% during the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company's stock worth $45,000 after purchasing an additional 1,686 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company's stock.

Dropbox Trading Up 2.7 %

NASDAQ:DBX traded up $0.67 during midday trading on Tuesday, hitting $25.82. 2,943,066 shares of the company were exchanged, compared to its average volume of 3,713,523. Dropbox has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The company has a market capitalization of $8.53 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $23.53.

Dropbox (NASDAQ:DBX - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $634.50 million for the quarter, compared to analyst estimates of $630.10 million. Dropbox had a negative return on equity of 161.78% and a net margin of 23.06%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. As a group, equities research analysts expect that Dropbox will post 1.31 EPS for the current year.

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.