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

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $32.17, for a total value of $80,425.00. Following the completion of the transaction, the chief financial officer now directly owns 398,764 shares in the company, valued at approximately $12,828,237.88. This represents a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction 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.
• On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00.
• On Friday, November 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $27.17, for a total value of $67,925.00.

Dropbox Stock Down 0.5 %

NASDAQ DBX traded down $0.16 on Friday, reaching $32.04. The company had a trading volume of 2,734,196 shares, compared to its average volume of 2,733,090. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.63 and a beta of 0.61. The stock's 50 day moving average is $30.37 and its 200-day moving average is $26.91.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.16). The firm had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, analysts forecast that Dropbox, Inc. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.50.

Institutional Investors Weigh In On Dropbox

Several hedge funds have recently bought and sold shares of DBX. Quarry LP raised its stake in Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company's stock worth $44,000 after buying an additional 880 shares during the period. GAMMA Investing LLC grew its position in shares of Dropbox by 133.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company's stock valued at $73,000 after purchasing an additional 1,650 shares during the period. CWM LLC increased its stake in Dropbox by 39.3% during the 3rd quarter. CWM LLC now owns 68,576 shares of the company's stock worth $1,744,000 after purchasing an additional 19,353 shares in the last quarter. UMB Bank n.a. lifted its stake in Dropbox by 2,479.4% in the third quarter. UMB Bank n.a. now owns 1,754 shares of the company's stock valued at $45,000 after buying an additional 1,686 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Dropbox by 24.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 156,500 shares of the company's stock valued at $3,980,000 after buying an additional 31,000 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

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.