Representative Lisa C. McClain (R-Michigan) recently sold shares of Dropbox, Inc. NASDAQ: DBX. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Dropbox stock on August 4th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.
Representative Lisa C. McClain also recently made the following trade(s):
- Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
- Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
- Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
- Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
- Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
- Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
- Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
- Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.
Dropbox Price Performance
DBX stock traded down $0.18 during midday trading on Friday, hitting $30.61. 10,257,028 shares of the stock traded hands, compared to its average volume of 3,096,924. The firm has a market cap of $8.26 billion, a P/E ratio of 18.66, a PEG ratio of 4.07 and a beta of 0.70. The stock's fifty day simple moving average is $28.46 and its 200-day simple moving average is $28.01. Dropbox, Inc. has a 1-year low of $24.35 and a 1-year high of $33.33.
Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $625.70 million for the quarter, compared to the consensus estimate of $618.60 million. Dropbox had a net margin of 19.17% and a negative return on equity of 61.31%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, research analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current year.
Institutional Investors Weigh In On Dropbox
A number of institutional investors have recently made changes to their positions in DBX. Wedge Capital Management L L P NC increased its position in shares of Dropbox by 1,640.3% during the first quarter. Wedge Capital Management L L P NC now owns 2,141,026 shares of the company's stock valued at $57,187,000 after acquiring an additional 2,017,997 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Dropbox during the second quarter valued at about $56,911,000. Norges Bank acquired a new stake in shares of Dropbox during the second quarter valued at about $51,307,000. Seizert Capital Partners LLC grew its holdings in shares of Dropbox by 524.8% in the first quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company's stock valued at $50,198,000 after purchasing an additional 1,578,566 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Dropbox by 18.4% in the first quarter. LSV Asset Management now owns 7,633,516 shares of the company's stock valued at $203,891,000 after purchasing an additional 1,187,395 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Dropbox
In related news, CTO Ali Dasdan sold 12,812 shares of Dropbox stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.00, for a total value of $384,360.00. Following the completion of the transaction, the chief technology officer owned 551,060 shares in the company, valued at approximately $16,531,800. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ashraf Alkarmi sold 10,098 shares of Dropbox stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $27.30, for a total transaction of $275,675.40. Following the completion of the transaction, the insider owned 469,333 shares of the company's stock, valued at $12,812,790.90. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,333 shares of company stock valued at $8,938,399. 29.95% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DBX shares. Wall Street Zen cut shares of Dropbox from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. UBS Group cut shares of Dropbox from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $29.00 to $27.00 in a research report on Thursday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $29.67.
View Our Latest Stock Report on DBX
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
About Dropbox
(
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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