Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan Sells 2,500 Shares

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $26.57, for a total transaction of $66,425.00. Following the completion of the transaction, the chief financial officer now owns 367,791 shares in the company, valued at $9,772,206.87. This trade represents a 0.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Timothy Regan also recently made the following trade(s):

• On Friday, February 7th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $32.19, for a total transaction of $80,475.00.
• On Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.17, for a total transaction of $80,425.00.
• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.37, for a total value of $75,925.00.
• On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $29.65, for a total value of $296,500.00.

Dropbox Stock Performance

Shares of Dropbox stock opened at $27.18 on Wednesday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.33. The company has a market capitalization of $8.20 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.70 and a beta of 0.77. The company has a fifty day moving average of $28.87 and a 200 day moving average of $28.13.

Dropbox (NASDAQ:DBX) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Analysts forecast that Dropbox, Inc. will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Dropbox

Several institutional investors and hedge funds have recently modified their holdings of DBX. Bessemer Group Inc. grew its stake in Dropbox by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 126,321 shares of the company’s stock valued at $3,794,000 after acquiring an additional 333 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Dropbox by 33.5% during the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares during the last quarter. Heron Bay Capital Management grew its position in shares of Dropbox by 2.3% during the fourth quarter. Heron Bay Capital Management now owns 16,769 shares of the company’s stock valued at $504,000 after purchasing an additional 378 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Dropbox by 5.1% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,419 shares of the company’s stock worth $256,000 after purchasing an additional 407 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Dropbox by 96.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock worth $26,000 after buying an additional 424 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on Dropbox from $27.00 to $30.00 and gave the stock 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.