Quentin Clark Sells 16,666 Shares of Dropbox Inc (NASDAQ:DBX) Inventory

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Dropbox Inc (NASDAQ:DBX) insider Quentin Clark bought 16,666 shares of the inventory in a transaction that occurred on Wednesday, April 24th. The inventory was bought at a median value of $23.51, for a complete worth of $391,817.66. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable on the SEC web site.

Quentin Clark additionally lately 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 value of $21.60, for a complete worth of $359,985.60.

DBX traded up $0.45 throughout buying and selling on Friday, hitting $24.42. The inventory had a buying and selling quantity of two,733,680 shares, in comparison with its common quantity of two,960,543. The corporate has a market capitalization of $10.04 billion, a PE ratio of -18.64 and a beta of 1.42. Dropbox Inc has a 12 month low of $18.50 and a 12 month excessive of $43.50. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 1.45 and a fast ratio of 1.45.

Dropbox (NASDAQ:DBX) final introduced its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The agency had income of $375.90 million for the quarter, in comparison with the consensus estimate of $369.64 million. Dropbox had a unfavorable internet margin of 34.84% and a unfavorable return on fairness of 77.19%. Analysts anticipate that Dropbox Inc will put up -0.14 earnings per share for the present 12 months.

Plenty of analysts have lately commented on the corporate. Zacks Funding Analysis upgraded Dropbox from a “maintain” score to a “purchase” score and set a $25.00 goal value on the inventory in a analysis report on Thursday, April 11th. ValuEngine minimize shares of Dropbox from a “purchase” score to a “maintain” score in a analysis report on Monday, February 4th. Jefferies Monetary Group dropped their value goal on shares of Dropbox to $32.00 in a analysis observe on Friday, February 22nd. Lastly, Financial institution of America upgraded shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 value goal on the inventory in a analysis observe on Friday, February 22nd. Three funding analysts have rated the inventory with a maintain score and eight have assigned a purchase score to the inventory. Dropbox has a median score of “Purchase” and a consensus goal value of $32.13.

Plenty of hedge funds and different institutional buyers have lately purchased and bought shares of the enterprise. Stephens Inc. AR grew its holdings in Dropbox by 11.1% throughout the first quarter. Stephens Inc. AR now owns 16,075 shares of the corporate’s inventory valued at $350,000 after buying an extra 1,600 shares throughout the interval. Stephens Funding Administration Group LLC grew its holdings in Dropbox by 24.4% throughout the first quarter. Stephens Funding Administration Group LLC now owns 114,403 shares of the corporate’s inventory valued at $2,494,000 after buying an extra 22,455 shares throughout the interval. California Public Workers Retirement System grew its holdings in Dropbox by 45.6% throughout the first quarter. California Public Workers Retirement System now owns 147,103 shares of the corporate’s inventory valued at $3,207,000 after buying an extra 46,100 shares throughout the interval. Stevens Capital Administration LP grew its holdings in Dropbox by 70.5% throughout the first quarter. Stevens Capital Administration LP now owns 106,128 shares of the corporate’s inventory valued at $2,314,000 after buying an extra 43,896 shares throughout the interval. Lastly, Signition LP acquired a brand new place in Dropbox throughout the first quarter valued at roughly $386,000. Institutional buyers personal 31.96% of the corporate’s inventory.

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Dropbox Firm Profile

Dropbox, Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free via 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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