Dropbox, Inc. (NASDAQ:DBX) CFO Sells $80,425.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $32.17, for a total value of $80,425.00. Following the completion of the sale, the chief financial officer now owns 398,764 shares of the company’s stock, valued at approximately $12,828,237.88. This represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.37, for a total transaction of $75,925.00.
• On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $29.65, for a total transaction of $296,500.00.
• On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $30.38, for a total value of $75,950.00.
• On Friday, November 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $27.17, for a total value of $67,925.00.

Dropbox Stock Performance

DBX traded down $0.20 during trading on Monday, hitting $31.95. 2,862,119 shares of the stock were exchanged, compared to its average volume of 2,808,729. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.63 and a beta of 0.61. The firm has a 50 day simple moving average of $30.04 and a 200 day simple moving average of $26.71.

Dropbox (NASDAQ:DBX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.16). Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. The firm had revenue of $638.80 million during the quarter, compared to the consensus estimate of $636.93 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts anticipate that Dropbox, Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their target price on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.50.

Hedge Funds Weigh In On Dropbox

Hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in Dropbox by 10.6% in the third quarter. QRG Capital Management Inc. now owns 221,716 shares of the company’s stock worth $5,638,000 after purchasing an additional 21,190 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Dropbox in the 3rd quarter worth approximately $482,000. Retirement Systems of Alabama raised its stake in shares of Dropbox by 15.2% during the 3rd quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock worth $24,007,000 after acquiring an additional 124,528 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dropbox by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock valued at $71,108,000 after acquiring an additional 228,685 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Dropbox by 6.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,762 shares of the company’s stock worth $59,907,000 after purchasing an additional 134,503 shares during the last quarter. 94.84% of the stock is currently owned by 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.