Dropbox (NASDAQ:DBX) CFO Timothy Regan Sells 1,500 Shares

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $30.25, for a total value of $45,375.00. Following the sale, the chief financial officer directly owned 467,121 shares in the company, valued at $14,130,410.25. This trade represents a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, October 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $28.40, for a total transaction of $42,600.00.
• On Wednesday, October 15th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $28.62, for a total transaction of $42,930.00.
• On Wednesday, October 1st, Timothy Regan sold 5,000 shares of Dropbox stock. The shares were sold at an average price of $29.76, for a total transaction of $148,800.00.
• On Tuesday, September 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $30.71, for a total transaction of $46,065.00.

Dropbox Stock Performance

Shares of DBX stock opened at $29.47 on Wednesday. The stock’s 50-day moving average is $29.90 and its two-hundred day moving average is $28.87. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.54 and a beta of 0.65.

Dropbox (NASDAQ:DBX) last announced its earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

DBX has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group cut shares of Dropbox from a “neutral” rating to a “sell” rating and reduced their target price for the company from $29.00 to $27.00 in a report on Thursday, September 18th. Finally, Royal Bank Of Canada raised their price target on Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.75.

Institutional Trading of Dropbox

Several hedge funds and other institutional investors have recently made changes to their positions in DBX. Rossby Financial LCC lifted its position in Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of Dropbox in the 3rd quarter valued at approximately $30,000. First Horizon Corp purchased a new stake in shares of Dropbox in the third quarter valued at approximately $31,000. Neo Ivy Capital Management purchased a new stake in shares of Dropbox in the second quarter valued at approximately $30,000. Finally, Elequin Capital LP grew its holdings in Dropbox by 71.0% during the first quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after acquiring an additional 469 shares during the period. Hedge funds and other institutional investors own 94.84% of the company’s stock.

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.