Dropbox (NASDAQ:DBX – Free Report) had its target price lifted by Jefferies Financial Group from $27.00 to $30.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.
Dropbox Price Performance
Shares of DBX opened at $30.07 on Monday. Dropbox has a 12 month low of $20.68 and a 12 month high of $33.43. The stock’s 50-day moving average is $28.59 and its two-hundred day moving average is $25.57. The stock has a market cap of $9.31 billion, a PE ratio of 17.38, a P/E/G ratio of 1.68 and a beta of 0.61.
Insiders Place Their Bets
In other Dropbox news, CEO Andrew Houston sold 500,323 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $29.65, for a total value of $14,834,576.95. Following the completion of the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $245,106,646.90. This represents a 5.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric Cox sold 2,330 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.41, for a total value of $61,535.30. Following the sale, the insider now owns 321,871 shares of the company’s stock, valued at $8,500,613.11. This represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 792,152 shares of company stock worth $23,309,897 in the last 90 days. 26.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On Dropbox
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.
Featured Stories
- Five stocks we like better than Dropbox
- The Basics of Support and Resistance
- Build-Your-Bowl Battle: CAVA, Chipotle, and Sweetgreen Face Off
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Insiders Are Loading Up: 3 Key Stock Picks for Investors
- How to Calculate Options Profits
- How Cigna Remains at the Top of the Health Insurance Food Chain
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.