Dropbox, Inc. (NASDAQ:DBX – Get Rating) insider Bart Volkmer sold 10,534 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $22.48, for a total transaction of $236,804.32. Following the completion of the transaction, the insider now owns 286,066 shares of the company’s stock, valued at approximately $6,430,763.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Bart Volkmer also recently made the following trade(s):
- On Tuesday, October 11th, Bart Volkmer sold 11,000 shares of Dropbox stock. The shares were sold at an average price of $20.12, for a total transaction of $221,320.00.
- On Monday, September 12th, Bart Volkmer sold 11,000 shares of Dropbox stock. The shares were sold at an average price of $23.03, for a total transaction of $253,330.00.
Dropbox Price Performance
Shares of NASDAQ DBX opened at $22.28 on Friday. The company has a market cap of $8.08 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.80. Dropbox, Inc. has a 12 month low of $19.07 and a 12 month high of $25.83. The company has a 50-day simple moving average of $21.38 and a 200-day simple moving average of $21.77.
Institutional Investors Weigh In On Dropbox
Wall Street Analysts Forecast Growth
DBX has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, October 31st. Bank of America began coverage on shares of Dropbox in a report on Tuesday, September 6th. They set a “buy” rating and a $34.00 target price for the company. Citigroup began coverage on shares of Dropbox in a report on Thursday, September 1st. They set a “neutral” rating and a $24.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of Dropbox from $25.00 to $22.00 and set a “sell” rating for the company in a report on Monday, November 7th. Finally, KeyCorp began coverage on shares of Dropbox in a report on Monday, September 12th. They set an “overweight” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.57.
Dropbox Company Profile
Dropbox, Inc provides a content collaboration platform worldwide. Its 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. As of December 31, 2021, the company had approximately 700 million registered users.
- Get a free copy of the StockNews.com research report on Dropbox (DBX)
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