Dropbox (NASDAQ:DBX) Posts Earnings Results, Misses Expectations By $0.11 EPS

Dropbox (NASDAQ:DBX) posted its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11), Zacks reports. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%.

Dropbox Stock Performance

NASDAQ DBX traded down $0.79 during trading hours on Thursday, hitting $31.88. 6,605,444 shares of the company’s stock were exchanged, compared to its average volume of 2,927,851. The business’s 50 day moving average is $31.03 and its 200-day moving average is $27.48. Dropbox has a 12-month low of $20.68 and a 12-month high of $33.33. The firm has a market capitalization of $9.87 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.77 and a beta of 0.61.

Insider Buying and Selling

In other news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.19, for a total value of $80,475.00. Following the transaction, the chief financial officer now directly owns 396,264 shares in the company, valued at $12,755,738.16. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Houston sold 137,499 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 900,238 shares of company stock worth $26,680,195. 28.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price objective 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.