Dropbox Inc (NASDAQ:DBX) insider Quentin Clark bought 16,666 shares of the agencyÃ¢â‚¬â„¢s inventory in a transaction that occurred on Wednesday, April 24th. The inventory was bought at a mean worth of $23.51, for a complete transaction of $391,817.66. The sale was disclosed in a doc filed with the SEC, which is accessible 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 mean worth of $21.60, for a complete transaction of $359,985.60.
NASDAQ:DBX traded up $0.45 throughout buying and selling hours on Friday, reaching $24.42. 2,545,657 shares of the corporate had been exchanged, in comparison with its common quantity of two,960,543. The corporate has a fast ratio of 1.45, a present ratio of 1.45 and a debt-to-equity ratio of 0.13. The corporate has a market cap of $9.86 billion, a P/E ratio of -18.64 and a beta of 1.42. Dropbox Inc has a 52-week low of $18.50 and a 52-week excessive of $43.50.
Dropbox (NASDAQ:DBX) final posted its quarterly earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share for the quarter, topping the ZacksÃ¢â‚¬â„¢ consensus estimate of ($0.05) by $0.03. The corporate had income of $375.90 million for the quarter, in comparison with the consensus estimate of $369.64 million. Dropbox had a adverse web margin of 34.84% and a adverse return on fairness of 77.19%. Analysis analysts forecast that Dropbox Inc will put up -0.14 earnings per share for the present fiscal 12 months.
A number of hedge funds have not too long ago modified their holdings of DBX. Quantamental Applied sciences LLC bought a brand new place in shares of Dropbox within the 4th quarter valued at $33,000. Pearl River Capital LLC bought a brand new place in shares of Dropbox within the 4th quarter valued at $35,000. Ellevest Inc. bought a brand new place in shares of Dropbox within the 1st quarter valued at $40,000. Advisory Providers Community LLC raised its stake in shares of Dropbox by 272.7% within the 4th quarter. Advisory Providers Community LLC now owns 2,050 shares of the corporateÃ¢â‚¬â„¢s inventory valued at $42,00Zero after buying a further 1,500 shares throughout the interval. Lastly, Capital Funding Advisory Providers LLC bought a brand new place in shares of Dropbox within the 4th quarter valued at $57,000. 31.96% of the inventory is presently owned by institutional buyers and hedge funds.
Numerous analysts not too long ago issued reviews on the inventory. Financial institution of America upgraded shares of Dropbox from a Ã¢â‚¬Å“impartialÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â ranking and set a $33.00 goal worth on the inventory in a analysis report on Friday, February 22nd. Jefferies Monetary Group minimize their worth goal on shares of Dropbox to $32.00 in a analysis notice on Friday, February 22nd. ValuEngine downgraded shares of Dropbox from a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“maintainÃ¢â‚¬Â ranking in a analysis notice on Monday, February 4th. Lastly, Zacks Funding Analysis raised shares of Dropbox from a Ã¢â‚¬Å“maintainÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â ranking and set a $27.00 worth goal on the inventory in a analysis notice on Tuesday. Three funding analysts have rated the inventory with a maintain ranking and eight have given a purchase ranking to the corporateÃ¢â‚¬â„¢s inventory. The inventory presently has a consensus ranking of Ã¢â‚¬Å“PurchaseÃ¢â‚¬Â and a mean goal worth of $32.13.
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Dropbox Firm Profile
Dropbox, Inc gives 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 international locations.
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