Bart Volkmer Sells 4,303 Shares of Dropbox Inc (DBX) Stock

Dropbox Inc (NASDAQ:DBX) General Counsel Bart Volkmer sold 4,303 shares of Dropbox stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $90,363.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bart Volkmer also recently made the following trade(s):

  • On Friday, September 21st, Bart Volkmer sold 8,606 shares of Dropbox stock. The stock was sold at an average price of $26.58, for a total transaction of $228,747.48.

Shares of NASDAQ:DBX opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.43. Dropbox Inc has a twelve month low of $19.54 and a twelve month high of $43.50.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $360.30 million for the quarter, compared to analysts’ expectations of $352.74 million. Dropbox had a negative return on equity of 158.23% and a negative net margin of 38.83%. The business’s revenue was up 25.7% on a year-over-year basis. As a group, sell-side analysts expect that Dropbox Inc will post -1.06 EPS for the current year.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Dropbox to $37.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Dropbox from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Monday, August 13th. JMP Securities lifted their price target 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. Canaccord Genuity lifted their price target 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. Finally, Royal Bank of Canada upgraded shares of Dropbox from a “sector perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research note on Friday, August 10th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Dropbox presently has an average rating of “Buy” and an average target price of $33.93.

Several large investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. lifted its position in shares of Dropbox by 85.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 5,085 shares of the company’s stock worth $136,000 after buying an additional 2,340 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Dropbox by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 9,216 shares of the company’s stock valued at $247,000 after acquiring an additional 2,404 shares during the period. Pendal Group Ltd increased its holdings in shares of Dropbox by 29.5% in the 3rd quarter. Pendal Group Ltd now owns 12,089 shares of the company’s stock valued at $324,000 after acquiring an additional 2,757 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Dropbox by 56.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,018 shares of the company’s stock valued at $260,000 after acquiring an additional 2,888 shares during the period. Finally, Emerald Advisers Inc. PA increased its holdings in shares of Dropbox by 10.2% in the 3rd quarter. Emerald Advisers Inc. PA now owns 33,050 shares of the company’s stock valued at $887,000 after acquiring an additional 3,067 shares during the period. Institutional investors and hedge funds own 20.18% of the company’s stock.

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About Dropbox

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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