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

Dropbox (NASDAQ:DBX) announced its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.11), Zacks reports. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $638.61 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. Dropbox updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Dropbox Trading Down 14.8 %

NASDAQ DBX traded down $4.72 during trading hours on Friday, reaching $27.17. 7,915,978 shares of the company traded hands, compared to its average volume of 3,074,961. Dropbox has a 12 month low of $20.68 and a 12 month high of $33.33. The stock has a market capitalization of $8.41 billion, a PE ratio of 15.72, a PEG ratio of 1.74 and a beta of 0.61. The company has a 50 day moving average of $31.06 and a two-hundred day moving average of $27.51.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.38, for a total value of $75,950.00. Following the sale, the chief financial officer now owns 413,764 shares of the company’s stock, valued at $12,570,150.32. This trade represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Houston sold 80,499 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $30.97, for a total transaction of $2,493,054.03. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $256,018,646.02. This trade represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 900,238 shares of company stock worth $26,680,195 in the last ninety days. 28.59% of the stock is owned by insiders.

Dropbox Company Profile

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.