Sarah Elizabeth Schubach Sells 1,631 Shares of Dropbox (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Schubach sold 1,631 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $35.50, for a total value of $57,900.50. Following the transaction, the chief accounting officer owned 115,150 shares in the company, valued at $4,087,825. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarah Elizabeth Schubach also recently made the following trade(s):

• On Thursday, August 20th, Sarah Schubach sold 1,631 shares of Dropbox stock. The stock was sold at an average price of $34.01, for a total value of $55,470.31.
• On Friday, July 31st, Sarah Schubach sold 1,632 shares of Dropbox stock. The stock was sold at an average price of $31.61, for a total value of $51,587.52.
• On Tuesday, June 30th, Sarah Schubach sold 1,305 shares of Dropbox stock. The shares were sold at an average price of $27.11, for a total value of $35,378.55.
• On Monday, June 15th, Sarah Schubach sold 1,306 shares of Dropbox stock. The shares were sold at an average price of $26.90, for a total value of $35,131.40.

Dropbox Price Performance

Shares of DBX stock opened at $35.70 on Friday. The stock has a market cap of $8.06 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 5.10 and a beta of 0.65. Dropbox, Inc. has a one year low of $21.69 and a one year high of $36.37. The stock has a fifty day moving average price of $31.99 and a 200 day moving average price of $27.70.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Dropbox had a net margin of 17.49% and a negative return on equity of 24.26%. The firm had revenue of $631.50 million for the quarter, compared to analyst estimates of $626.69 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts anticipate that Dropbox, Inc. will post 1.93 EPS for the current year.

Institutional Investors Weigh In On Dropbox

Large investors have recently made changes to their positions in the company. Palisade Asset Management LLC bought a new position in Dropbox during the 3rd quarter valued at about $30,000. Kestra Advisory Services LLC bought a new stake in Dropbox during the fourth quarter worth about $31,000. Larson Financial Group LLC grew its stake in Dropbox by 228.0% during the fourth quarter. Larson Financial Group LLC now owns 1,138 shares of the company’s stock worth $32,000 after buying an additional 791 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Dropbox by 78.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock worth $36,000 after buying an additional 558 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Dropbox during the fourth quarter worth approximately $38,000. Institutional investors own 94.84% of the company’s stock.

More Dropbox News

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “Outperform” rating on Dropbox and set a $42 price target, implying roughly 17.6% upside from the referenced $35.70 level. Benzinga analyst rating report
• Positive Sentiment: Dropbox’s latest quarterly results modestly exceeded expectations, with earnings of $0.75 per share versus the $0.74 consensus and revenue of $631.5 million versus $626.7 million expected. Revenue rose 0.9% year over year, offering a supportive fundamental backdrop.
• Neutral Sentiment: Chief Accounting Officer Sarah Elizabeth Schubach sold 1,631 shares for approximately $57,901 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced her holdings by 1.4%, but she retained 115,150 shares, limiting its significance as a signal about management’s outlook. SEC insider trading filing
• Negative Sentiment: Dropbox disclosed that approximately 5,000 accounts were compromised in an August incident involving a legacy Lenovo ID login. Attackers reportedly accessed accounts without passwords and viewed or downloaded files, creating potential risks involving customer trust, remediation expenses, regulatory scrutiny and liability. Reuters cybersecurity report
• Negative Sentiment: Options activity showed elevated demand for downside protection, with 3,282 put contracts traded—about 48% above typical daily volume. This may indicate hedging or bearish positioning, although it is not conclusive evidence of a fundamental deterioration.

Analysts Set New Price Targets

A number of research firms recently weighed in on DBX. Citigroup upped their target price on shares of Dropbox from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Dropbox in a report on Thursday. Bank of America reiterated an “underperform” rating on shares of Dropbox in a research note on Friday, August 7th. Wall Street Zen cut Dropbox from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Dropbox from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Dropbox presently has a consensus rating of “Reduce” and an average price target of $30.75.

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.