Dropbox, Inc. (NASDAQ:DBX) CFO Sells $66,425.00 in Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $26.57, for a total transaction of $66,425.00. Following the completion of the sale, the chief financial officer now directly owns 367,791 shares of the company's stock, valued at $9,772,206.87. The trade was a 0.68 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 value 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 value of $80,425.00.
• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were 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 transaction of $296,500.00.

Dropbox Stock Performance

Dropbox stock traded down $1.38 during midday trading on Friday, reaching $25.45. The stock had a trading volume of 5,349,975 shares, compared to its average volume of 3,571,317. The stock has a market capitalization of $7.68 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75. The firm's fifty day simple moving average is $28.71 and its 200-day simple moving average is $28.11. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33.

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

Institutional Trading of Dropbox

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cerity Partners LLC grew its stake in Dropbox by 21.2% in the third quarter. Cerity Partners LLC now owns 96,537 shares of the company's stock valued at $2,455,000 after purchasing an additional 16,917 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Dropbox in the 3rd quarter valued at approximately $232,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Dropbox during the third quarter worth $11,687,000. Edgestream Partners L.P. raised its position in Dropbox by 33.6% during the third quarter. Edgestream Partners L.P. now owns 37,606 shares of the company's stock worth $956,000 after acquiring an additional 9,466 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Dropbox in the third quarter valued at $269,000. Institutional investors and hedge funds own 94.84% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, January 6th.

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.