In yesterday’s Wall Street session, Dropbox Inc (NASDAQ:DBX) shares traded at $26.00, down -1.63% from the previous session.
13 analysts cover Dropbox Inc (NASDAQ:DBX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $25.00, we find $32.00. Given the previous closing price of $26.43, this indicates a potential upside of 21.07 percent. DBX stock price is now -4.45% away from the 50-day moving average and 6.32% away from the 200-day moving average. The market capitalization of the company currently stands at $9.04B.
The stock has received a hold rating from 7 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $30.08 as their price target over the next twelve months.
In other news, Volkmer Bart, Chief Legal Officer sold 7,025 shares of the company’s stock on Oct 16. The stock was sold for $196,485 at an average price of $27.97. Upon completion of the transaction, the Chief Legal Officer now directly owns 298,633 shares in the company, valued at $7.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, Chief Financial Officer Regan Timothy sold 3,000 shares of the business’s stock. A total of $83,895 was realized by selling the stock at an average price of $27.96. This leaves the insider owning 492,252 shares of the company worth $12.8 million. Insiders disposed of 1,657,881 shares of company stock worth roughly $43.1 million over the past 1 year. A total of 26.32% of the company’s stock is owned by insiders.
On Friday morning Dropbox Inc (NASDAQ: DBX) stock kicked off with the opening price of $25.38. During the past 12 months, Dropbox Inc has had a low of $18.71 and a high of $28.68. According to the stock market information, the enterprise value for the company is $9.76B, which is based on a 16.45 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for DBX is $27.19 and a two-hundred day moving average price translates $24.47 for the stock.
The latest earnings results from Dropbox Inc (NASDAQ: DBX) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.45 by 0.06. This compares to $0.17 EPS in the same period last year. The company reported revenue of $622.5 million for the quarter, compared to $572.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.7 percent. For the current quarter, analysts expect DBX to generate $627.89M in revenue.
Dropbox Inc(DBX) Company Profile
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. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
