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 that occurred on Tuesday, April 15th. The stock was sold at an average price of $26.94, for a total transaction of $67,350.00. Following the sale, the chief financial officer now directly owns 565,068 shares of the company’s stock, valued at approximately $15,222,931.92. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Trading Up 1.0 %

NASDAQ DBX opened at $27.11 on Friday. The stock has a market cap of $8.18 billion, a P/E ratio of 19.23, a PEG ratio of 1.70 and a beta of 0.75. The company’s fifty day simple moving average is $27.37 and its 200-day simple moving average is $28.23. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.33.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Dropbox

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC boosted its stake in shares of Dropbox by 68.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,576 shares of the company’s stock valued at $683,000 after buying an additional 10,777 shares during the last quarter. M&T Bank Corp bought a new position in Dropbox during the 3rd quarter valued at $229,000. Geode Capital Management LLC grew its holdings in Dropbox by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company’s stock worth $111,368,000 after acquiring an additional 25,893 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Dropbox in the 3rd quarter worth about $268,000. Finally, American Trust acquired a new stake in shares of Dropbox in the 3rd quarter valued at about $271,000. Institutional investors and hedge funds 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.