Dropbox (DBX) Projected to Post Quarterly Earnings on Thursday

Dropbox (NASDAQ:DBX) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $638.61 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Dropbox Stock Performance

Shares of DBX opened at $32.78 on Tuesday. The business’s 50-day moving average is $30.88 and its two-hundred day moving average is $27.37. The company has a market capitalization of $10.15 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.64 and a beta of 0.61. Dropbox has a fifty-two week low of $20.68 and a fifty-two week high of $33.33.

Insider Activity

In related news, CEO Andrew Houston sold 137,499 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $30.05, for a total value of $4,131,844.95. Following the transaction, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.38, for a total value of $75,950.00. Following the completion of the transaction, the chief financial officer now owns 413,764 shares in the company, valued at $12,570,150.32. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 900,238 shares of company stock worth $26,680,195 over the last ninety days. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their price target on Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, January 6th.

About Dropbox

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.