Dropbox, Inc. (NASDAQ:DBX) CFO Sells $67,350.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were 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 of the company’s stock, valued at $15,222,931.92. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction 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 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 value of $80,425.00.

Dropbox Price Performance

DBX stock opened at $27.11 on Friday. The firm has a market cap 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 firm has a 50 day simple moving average of $27.28 and a 200 day simple moving average of $28.27.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. As a group, sell-side analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Dropbox

A number of institutional investors have recently bought and sold shares of the stock. LSV Asset Management boosted its holdings in shares of Dropbox by 24.0% in the fourth quarter. LSV Asset Management now owns 6,446,121 shares of the company’s stock worth $193,641,000 after buying an additional 1,245,563 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Dropbox by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company’s stock valued at $156,955,000 after acquiring an additional 1,440,887 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dropbox by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company’s stock worth $111,368,000 after purchasing an additional 25,893 shares during the period. AQR Capital Management LLC raised its stake in Dropbox by 3.0% during the 4th quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company’s stock valued at $99,842,000 after purchasing an additional 97,551 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dropbox by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company’s stock valued at $87,537,000 after purchasing an additional 117,767 shares in the last quarter. Hedge funds and other 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.