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 Thursday, May 15th. The shares were sold at an average price of $29.53, for a total transaction of $73,825.00. Following the transaction, the chief financial officer now directly owns 533,594 shares in the company, valued at approximately $15,757,030.82. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, April 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $28.29, for a total transaction of $70,725.00.
• On Tuesday, April 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $26.94, for a total transaction of $67,350.00.
• On Friday, March 28th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $26.57, for a total value of $66,425.00.

Dropbox Stock Performance

Shares of NASDAQ:DBX traded down $0.21 during midday trading on Monday, reaching $28.70. The company had a trading volume of 3,371,713 shares, compared to its average volume of 3,610,591. The company has a fifty day simple moving average of $27.43 and a two-hundred day simple moving average of $28.68. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The firm had revenue of $624.70 million during the quarter, compared to analyst estimates of $619.56 million. During the same quarter last year, the business posted $0.58 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Analysts expect that Dropbox, Inc. will post 1.64 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DBX. Empowered Funds LLC increased its holdings in shares of Dropbox by 68.0% in the 4th quarter. Empowered Funds LLC now owns 36,140 shares of the company’s stock valued at $1,086,000 after purchasing an additional 14,629 shares during the period. Exchange Traded Concepts LLC increased its stake in Dropbox by 291.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 124,991 shares of the company’s stock valued at $3,755,000 after buying an additional 93,058 shares during the period. Blue Trust Inc. lifted its position in Dropbox by 23.2% in the 4th quarter. Blue Trust Inc. now owns 3,616 shares of the company’s stock worth $109,000 after buying an additional 682 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Dropbox during the 4th quarter valued at $656,000. Finally, Intech Investment Management LLC boosted its stake in shares of Dropbox by 185.2% during the 4th quarter. Intech Investment Management LLC now owns 150,488 shares of the company’s stock valued at $4,521,000 after buying an additional 97,725 shares during the period. 94.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group raised their target price on Dropbox from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Citigroup raised their target price on shares of Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 9th.

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.