Dropbox (DBX) Set to Announce Earnings on Thursday

Dropbox (NASDAQ:DBXGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Dropbox to post earnings of $0.48 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Dropbox Price Performance

Shares of Dropbox stock opened at $32.44 on Tuesday. Dropbox has a 1 year low of $18.71 and a 1 year high of $33.43. The firm has a market cap of $11.22 billion, a PE ratio of 20.40, a P/E/G ratio of 1.90 and a beta of 0.77. The stock has a fifty day moving average price of $30.52 and a 200-day moving average price of $28.39.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DBX shares. UBS Group started coverage on Dropbox in a report on Friday, December 15th. They issued a “buy” rating and a $36.00 price objective for the company. KeyCorp raised their price objective on Dropbox from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Dropbox currently has a consensus rating of “Hold” and an average target price of $31.00.

Check Out Our Latest Stock Analysis on DBX

Insider Activity

In other news, CFO Timothy Regan sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.50, for a total transaction of $97,500.00. Following the transaction, the chief financial officer now directly owns 434,761 shares of the company’s stock, valued at $14,129,732.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Dropbox news, insider Bart Volkmer sold 7,055 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $29.37, for a total value of $207,205.35. Following the sale, the insider now directly owns 267,623 shares of the company’s stock, valued at $7,860,087.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy Regan sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.50, for a total value of $97,500.00. Following the completion of the sale, the chief financial officer now directly owns 434,761 shares in the company, valued at $14,129,732.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,055 shares of company stock valued at $477,145. Company insiders own 25.78% of the company’s stock.

Institutional Investors Weigh In On Dropbox

Several hedge funds have recently added to or reduced their stakes in DBX. Baupost Group LLC MA lifted its holdings in shares of Dropbox by 30.6% during the first quarter. Baupost Group LLC MA now owns 10,571,046 shares of the company’s stock valued at $245,777,000 after purchasing an additional 2,476,021 shares in the last quarter. AQR Capital Management LLC increased its position in Dropbox by 102.3% in the first quarter. AQR Capital Management LLC now owns 2,556,821 shares of the company’s stock worth $54,230,000 after buying an additional 1,292,761 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Dropbox by 179.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,745,670 shares of the company’s stock worth $37,741,000 after buying an additional 1,121,458 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Dropbox by 52.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,484,341 shares of the company’s stock worth $53,711,000 after buying an additional 853,829 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Dropbox in the fourth quarter worth about $11,564,000. 70.28% of the stock is owned by institutional investors.

Dropbox Company Profile

(Get Free Report)

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.

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Earnings History for Dropbox (NASDAQ:DBX)

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