Dropbox, Inc. (NASDAQ:DBX) CFO Sells $65,450.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.18, for a total transaction of $65,450.00. Following the completion of the sale, the chief financial officer now owns 466,747 shares of the company’s stock, valued at approximately $12,219,436.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, September 19th, Timothy Regan sold 3,177 shares of Dropbox stock. The stock was sold at an average price of $25.00, for a total transaction of $79,425.00.
• On Monday, September 16th, Timothy Regan sold 400 shares of Dropbox stock. The stock was sold at an average price of $25.00, for a total transaction of $10,000.00.
• On Friday, September 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $24.35, for a total value of $60,875.00.

Dropbox Trading Up 0.4 %

Shares of Dropbox stock opened at $26.47 on Friday. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.61 and a beta of 0.61. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.43. The business’s 50 day simple moving average is $24.58 and its 200-day simple moving average is $23.42.

Dropbox (NASDAQ:DBX) last issued its earnings results on Thursday, August 8th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Dropbox had a negative return on equity of 161.78% and a net margin of 23.06%. The firm had revenue of $634.50 million for the quarter, compared to analyst estimates of $630.10 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts predict that Dropbox, Inc. will post 1.31 earnings per share for the current year.

Institutional Trading of Dropbox

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Dropbox by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 27,379,532 shares of the company’s stock valued at $665,323,000 after acquiring an additional 105,250 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Dropbox during the first quarter valued at about $4,900,000. Lakewood Asset Management LLC acquired a new stake in Dropbox in the second quarter worth about $797,000. Janus Henderson Group PLC grew its position in Dropbox by 16.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,619,231 shares of the company’s stock valued at $39,340,000 after buying an additional 228,316 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Dropbox by 32.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,260 shares of the company’s stock valued at $3,749,000 after buying an additional 38,131 shares during the period. 94.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DBX shares. UBS Group reduced their target price on Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Citigroup reduced their price objective on Dropbox from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dropbox currently has a consensus rating of “Hold” and an average price target of $28.67.

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.