Dropbox (DBX) Projected to Post Quarterly Earnings on Thursday

Dropbox (NASDAQ:DBX) is projected to issue 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 that are interested in participating in the company’s conference call can do so using this link.

Dropbox Trading Up 0.2 %

Shares of NASDAQ:DBX opened at $31.90 on Thursday. The stock has a fifty day simple moving average of $30.59 and a two-hundred day simple moving average of $27.13. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.64 and a beta of 0.61. Dropbox has a 12-month low of $20.68 and a 12-month high of $33.33.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price objective on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Insider Buying and Selling at Dropbox

In other news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the completion of the sale, the chief financial officer now owns 396,264 shares in the company, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric Cox sold 2,330 shares of the stock in a transaction on 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 approximately $8,500,613.11. This represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 905,068 shares of company stock worth $26,809,655 over the last ninety days. Company insiders own 26.40% of the company’s stock.

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.