Dropbox - DBX Stock Forecast, Price & News

Dropbox, Inc. is a collaboration platform that's transforming the way people and teams work together. It offers the following products: Dropbox Basic, Dropbox Plus, Dropbox Professional, and Dropbox Business. The Dropbox Basic is the simple, powerful home for photos, videos, documents, and other files. Its users also get access to Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivaled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track their work from one place. The Dropbox Business is designed for small to enterprise level businesses, in which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products. The Company was founded by Andrew W. Houston and Arash Ferdowsi in June 2007 and is headquartered in San Francisco, CA.

Dropbox Price Performance

Shares of NASDAQ:DBX opened at $24.57 on Wednesday. Dropbox has a 12-month low of $19.07 and a 12-month high of $32.59. The company has a market capitalization of $9.23 billion, a PE ratio of 27.61 and a beta of 0.84. The firm's 50-day moving average is $22.42 and its two-hundred day moving average is $22.38.

Dropbox (NASDAQ:DBX - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Dropbox had a net margin of 15.19% and a negative return on equity of 94.26%. The company had revenue of $572.70 million for the quarter, compared to the consensus estimate of $571.27 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Dropbox will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group dropped their price objective on shares of Dropbox from $35.00 to $30.00 in a research note on Monday, May 23rd.

Insider Activity

In other news, President Timothy H. Young sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $19.32, for a total value of $289,800.00. Following the completion of the transaction, the president now owns 1,647,257 shares of the company's stock, valued at $31,825,005.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Timothy H. Young sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $19.32, for a total transaction of $289,800.00. Following the completion of the transaction, the president now owns 1,647,257 shares of the company's stock, valued at $31,825,005.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bart Volkmer sold 11,000 shares of the company's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $22.15, for a total transaction of $243,650.00. Following the transaction, the insider now directly owns 342,143 shares of the company's stock, valued at approximately $7,578,467.45. The disclosure for this sale can be found here. Insiders sold a total of 84,816 shares of company stock valued at $1,826,426 over the last 90 days. Insiders own 25.05% of the company's stock.