Sarah Elizabeth Schubach Sells 1,416 Shares of Dropbox (NASDAQ:DBX) Stock

Key Points

• Sarah Elizabeth Schubach sold 1,416 shares of Dropbox on March 31 at an average price of $22.60 (≈$32,002) under a pre-arranged Rule 10b5-1 plan, leaving her with 82,073 shares (a 1.7% ownership decline).
• The March 31 sale is part of a string of recent insider disposals by Schubach (similar sales on Mar 16, Mar 2, Feb 18 and Jan 15), suggesting a consistent selling pattern.
• Dropbox recently beat EPS estimates ($0.68 vs. $0.66) but reported revenue down 1.1% YoY; analysts' consensus is a "Reduce" rating with a $27.50 price target amid mixed research notes.

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CAO Sarah Elizabeth Schubach sold 1,416 shares of the company's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $22.60, for a total value of $32,001.60. Following the sale, the chief accounting officer owned 82,073 shares in the company, valued at approximately $1,854,849.80. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarah Elizabeth Schubach also recently made the following trade(s):

• On Monday, March 16th, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $25.76, for a total transaction of $36,450.40.
• On Monday, March 2nd, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The shares were sold at an average price of $24.76, for a total transaction of $35,035.40.
• On Wednesday, February 18th, Sarah Elizabeth Schubach sold 1,416 shares of Dropbox stock. The shares were sold at an average price of $24.49, for a total transaction of $34,677.84.
• On Thursday, January 15th, Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock. The stock was sold at an average price of $26.84, for a total transaction of $31,349.12.

Dropbox Stock Performance

NASDAQ DBX traded up $0.33 on Thursday, hitting $23.40. The stock had a trading volume of 2,843,646 shares, compared to its average volume of 4,044,101. The firm has a 50-day moving average of $24.99 and a 200-day moving average of $27.60. Dropbox, Inc. has a 52-week low of $22.00 and a 52-week high of $32.40. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.63.

Dropbox (NASDAQ:DBX - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.02. The firm had revenue of $636.20 million during the quarter, compared to analyst estimates of $627.83 million. Dropbox had a net margin of 20.17% and a negative return on equity of 37.47%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. As a group, research analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in shares of Dropbox by 7.3% in the 1st quarter. Empowered Funds LLC now owns 38,795 shares of the company's stock valued at $1,036,000 after purchasing an additional 2,655 shares in the last quarter. Cetera Investment Advisers raised its position in Dropbox by 10.8% in the 2nd quarter. Cetera Investment Advisers now owns 24,623 shares of the company's stock worth $704,000 after purchasing an additional 2,405 shares during the period. Choreo LLC raised its position in Dropbox by 56.5% in the 2nd quarter. Choreo LLC now owns 18,152 shares of the company's stock worth $519,000 after purchasing an additional 6,551 shares during the period. Quadrant Capital Group LLC lifted its stake in Dropbox by 120.5% in the second quarter. Quadrant Capital Group LLC now owns 15,325 shares of the company's stock worth $438,000 after purchasing an additional 8,374 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Dropbox during the second quarter valued at about $59,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DBX. William Blair reissued an "underperform" rating on shares of Dropbox in a research note on Monday, March 23rd. Royal Bank Of Canada lowered their price objective on shares of Dropbox from $35.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Dropbox from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, February 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of Dropbox in a research note on Wednesday, January 21st. Finally, UBS Group lowered their price target on Dropbox from $27.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $27.50.

Dropbox Company Profile

Dropbox, Inc NASDAQ: DBX is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.

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