In yesterday’s Wall Street session, Dropbox Inc (NASDAQ:DBX) shares traded at $23.23, down -1.06% from the previous session.
DBX stock price is now -14.22% away from the 50-day moving average and -15.68% away from the 200-day moving average. The market capitalization of the company currently stands at $7.99B.
With the price target reduced from $33 to $30, JP Morgan Downgraded its rating from Overweight to Neutral for Dropbox Inc (NASDAQ: DBX). , while ‘Goldman’ rates the stock as ‘Sell’
In other news, Houston Andrew, Chief Executive Officer sold 82,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $1,991,550 at an average price of $24.29. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Financial Officer Regan Timothy sold 9,905 shares of the business’s stock. A total of $240,951 was realized by selling the stock at an average price of $24.33. This leaves the insider owning 597,995 shares of the company worth $13.89 million. A total of 26.68% of the company’s stock is owned by insiders.
During the past 12 months, Dropbox Inc has had a low of $19.55 and a high of $33.43. According to the stock market information, the enterprise value for the company is $8.54B, which is based on a 17.68 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for DBX is $27.08 and a two-hundred day moving average price translates $27.55 for the stock.
The latest earnings results from Dropbox Inc (NASDAQ: DBX) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.48 by 0.02. This compares to $0.91 EPS in the same period last year. The company reported revenue of $635.0 million for the quarter, compared to $598.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.05 percent. For the current quarter, analysts expect DBX to generate $628.67M in revenue.
