Dropbox (NASDAQ:DBX) CEO Andrew Houston Sells 164,502 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX) CEO Andrew Houston sold 164,502 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $25.66, for a total transaction of $4,221,121.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 12th, Andrew Houston sold 23,818 shares of Dropbox stock. The stock was sold at an average price of $27.51, for a total transaction of $655,233.18.
• On Friday, January 9th, Andrew Houston sold 36,182 shares of Dropbox stock. The shares were sold at an average price of $27.54, for a total transaction of $996,452.28.
• On Friday, January 2nd, Andrew Houston sold 92,668 shares of Dropbox stock. The stock was sold at an average price of $26.91, for a total transaction of $2,493,695.88.
• On Wednesday, December 3rd, Andrew Houston sold 9,167 shares of Dropbox stock. The shares were sold at an average price of $30.00, for a total transaction of $275,010.00.
• On Monday, December 1st, Andrew Houston sold 92,000 shares of Dropbox stock. The shares were sold at an average price of $29.53, for a total value of $2,716,760.00.
• On Friday, November 14th, Andrew Houston sold 101,167 shares of Dropbox stock. The stock was sold at an average price of $30.23, for a total value of $3,058,278.41.

Dropbox Price Performance

Dropbox stock opened at $25.11 on Thursday. The firm has a market cap of $6.50 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63. The stock’s fifty day moving average price is $27.53 and its two-hundred day moving average price is $28.59. Dropbox, Inc. has a one year low of $24.41 and a one year high of $33.27.

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

Wall Street Analyst Weigh In

DBX has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Dropbox from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.33.

Institutional Investors Weigh In On Dropbox

Several hedge funds and other institutional investors have recently made changes to their positions in DBX. Rossby Financial LCC boosted its position in Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock valued at $28,000 after buying an additional 527 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Dropbox in the 2nd quarter valued at $30,000. Palisade Asset Management LLC bought a new stake in Dropbox during the 3rd quarter worth $30,000. First Horizon Corp bought a new stake in Dropbox during the 3rd quarter worth $31,000. Finally, LRI Investments LLC increased its holdings in Dropbox by 666.7% in the 3rd quarter. LRI Investments LLC now owns 1,150 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

Dropbox Company Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.