Dropbox Inc (DBX) Insider Quentin Clark Sells 16,666 Shares

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Dropbox Inc (NASDAQ:DBX) insider Quentin Clark bought 16,666 shares of the corporate’s inventory in a transaction on Wednesday, April 24th. The inventory was bought at a median worth of $23.51, for a complete transaction of $391,817.66. The sale was disclosed in a submitting with the Securities & Change Fee, which could be accessed by way of this hyperlink.

Quentin Clark additionally not too long ago made the next commerce(s):

  • On Monday, March 25th, Quentin Clark bought 16,666 shares of Dropbox inventory. The inventory was bought at a median worth of $21.60, for a complete transaction of $359,985.60.

DBX opened at $24.35 on Friday. Dropbox Inc has a 52 week low of $18.50 and a 52 week excessive of $43.50. The inventory has a market cap of $9.79 billion and a price-to-earnings ratio of -18.59. The corporate has a fast ratio of 1.45, a present ratio of 1.45 and a debt-to-equity ratio of 0.13.

Dropbox (NASDAQ:DBX) final launched its quarterly earnings knowledge on Thursday, February 21st. The corporate reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Dropbox had a unfavorable internet margin of 34.84% and a unfavorable return on fairness of 77.19%. The enterprise had income of $375.90 million through the quarter, in comparison with the consensus estimate of $369.64 million. On common, sell-side analysts forecast that Dropbox Inc will put up -0.14 EPS for the present fiscal yr.

A number of analysis analysts not too long ago weighed in on the inventory. Zacks Funding Analysis downgraded shares of Dropbox from a “purchase” score to a “maintain” score in a report on Tuesday, April ninth. ValuEngine downgraded shares of Dropbox from a “purchase” score to a “maintain” score in a report on Monday, February 4th. Financial institution of America raised shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 goal worth for the corporate in a report on Friday, February 22nd. Lastly, Jefferies Monetary Group dropped their goal worth on shares of Dropbox to $32.00 in a report on Friday, February 22nd. 4 analysts have rated the inventory with a maintain score and 7 have given a purchase score to the inventory. The corporate at the moment has a median score of “Purchase” and a consensus goal worth of $31.75.

A number of institutional traders and hedge funds have not too long ago added to or diminished their stakes in DBX. Quantamental Applied sciences LLC bought a brand new stake in shares of Dropbox through the 4th quarter valued at about $33,000. Pearl River Capital LLC bought a brand new stake in shares of Dropbox through the 4th quarter valued at about $35,000. Advisory Companies Community LLC raised its place in shares of Dropbox by 272.7% through the 4th quarter. Advisory Companies Community LLC now owns 2,050 shares of the corporate’s inventory valued at $42,000 after shopping for a further 1,500 shares within the final quarter. Capital Funding Advisory Companies LLC bought a brand new stake in shares of Dropbox through the 4th quarter valued at about $57,000. Lastly, First Interstate Financial institution bought a brand new stake in shares of Dropbox through the 4th quarter valued at about $82,000. 31.97% of the inventory is owned by institutional traders and hedge funds.

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About Dropbox

Dropbox, Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by way of its Web site or app, in addition to improve to a paid subscription plan for premium options. The corporate has roughly 500 million registered customers throughout 180 nations.

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