Quentin Clark Sells 16,666 Shares of Dropbox Inc (DBX) Stock

Dropbox Inc (NASDAQ:DBX) insider Quentin Clark sold 16,666 shares of Dropbox stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $22.75, for a total transaction of $379,151.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Quentin Clark also recently made the following trade(s):

  • On Monday, September 24th, Quentin Clark sold 16,666 shares of Dropbox stock. The shares were sold at an average price of $26.12, for a total transaction of $435,315.92.
  • On Friday, August 24th, Quentin Clark sold 16,666 shares of Dropbox stock. The stock was sold at an average price of $27.23, for a total transaction of $453,815.18.

Shares of Dropbox stock opened at $21.71 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.39 and a current ratio of 1.39. Dropbox Inc has a 52-week low of $21.36 and a 52-week high of $43.50.



Dropbox (NASDAQ:DBX) last issued its earnings results on Thursday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $339.20 million during the quarter, compared to analysts’ expectations of $330.90 million. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts predict that Dropbox Inc will post 0.31 EPS for the current fiscal year.

Several equities research analysts recently commented on the stock. Canaccord Genuity boosted their price objective on shares of Dropbox from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research lowered shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Jefferies Financial Group raised shares of Dropbox from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, August 1st. They noted that the move was a valuation call. JMP Securities boosted their price objective on shares of Dropbox from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Finally, Royal Bank of Canada raised shares of Dropbox from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Friday, August 10th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.57.

Institutional investors have recently modified their holdings of the business. Trustcore Financial Services LLC raised its holdings in Dropbox by 702.0% in the second quarter. Trustcore Financial Services LLC now owns 4,010 shares of the company’s stock worth $130,000 after buying an additional 3,510 shares during the last quarter. First Hawaiian Bank purchased a new position in Dropbox in the third quarter worth about $118,000. Legal & General Group Plc purchased a new position in Dropbox in the first quarter worth about $158,000. Advisors Asset Management Inc. purchased a new position in Dropbox in the second quarter worth about $221,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Dropbox in the second quarter worth about $237,000. 14.20% of the stock is owned by institutional investors and hedge funds.

Dropbox Company Profile

Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.

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Insider Buying and Selling by Quarter for Dropbox (NASDAQ:DBX)

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