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

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

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

• On Friday, February 7th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was 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 shares were 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 Up 1.1 %

Shares of DBX stock opened at $27.47 on Thursday. The company’s fifty day simple moving average is $28.80 and its two-hundred day simple moving average is $28.12. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.33. The stock has a market cap of $8.29 billion, a P/E ratio of 19.48, a PEG ratio of 1.70 and a beta of 0.75.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. On average, analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price target on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, January 6th.

Institutional Investors Weigh In On Dropbox

Several large investors have recently bought and sold shares of DBX. Kera Capital Partners Inc. bought a new position in shares of Dropbox in the 1st quarter valued at about $258,000. Integrated Advisors Network LLC purchased a new position in shares of Dropbox in the 4th quarter worth approximately $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dropbox by 8.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,761,252 shares of the company’s stock valued at $52,908,000 after purchasing an additional 137,916 shares during the last quarter. Vident Advisory LLC raised its holdings in Dropbox by 4.6% during the 4th quarter. Vident Advisory LLC now owns 89,977 shares of the company’s stock valued at $2,703,000 after buying an additional 3,962 shares during the period. Finally, Vivaldi Capital Management LP bought a new stake in Dropbox in the fourth quarter worth $293,000. Institutional investors own 94.84% of the company’s stock.

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.