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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $26.94, for a total transaction of $67,350.00. Following the completion of the transaction, the chief financial officer now owns 565,068 shares in the company, valued at $15,222,931.92. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 28th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $26.57, for a total value of $66,425.00.
• 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.

Dropbox Trading Up 1.0 %

Shares of NASDAQ:DBX opened at $27.11 on Friday. The company has a market capitalization of $8.18 billion, a PE ratio of 19.23, a P/E/G ratio of 1.70 and a beta of 0.75. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33. The business’s fifty day simple moving average is $27.28 and its 200-day simple moving average is $28.25.

Dropbox (NASDAQ:DBX) last announced 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). Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The firm had revenue of $643.60 million during the quarter, compared to the consensus estimate of $638.61 million. Research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Dropbox

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Dropbox by 96.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $26,000 after purchasing an additional 424 shares during the last quarter. Avion Wealth raised its stake in Dropbox by 4,472.7% in the fourth quarter. Avion Wealth now owns 1,006 shares of the company’s stock valued at $30,000 after buying an additional 984 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Dropbox by 191.0% during the fourth quarter. True Wealth Design LLC now owns 1,036 shares of the company’s stock worth $31,000 after acquiring an additional 680 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dropbox during the fourth quarter valued at about $40,000. Finally, Allworth Financial LP raised its position in shares of Dropbox by 33.5% in 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. 94.84% of the stock is owned by hedge funds and other institutional investors.

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.