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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 1,500 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $29.64, for a total transaction of $44,460.00. Following the completion of the sale, the chief financial officer directly owned 439,147 shares of the company’s stock, valued at approximately $13,016,317.08. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 14th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $30.25, for a total transaction of $45,375.00.
• 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 value 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 stock was sold at an average price of $29.76, for a total value of $148,800.00.
• On Tuesday, September 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The stock was sold at an average price of $30.71, for a total value of $46,065.00.

Dropbox Stock Performance

Shares of DBX stock traded up $0.39 during trading hours on Tuesday, hitting $29.71. 2,921,122 shares of the company were exchanged, compared to its average volume of 3,569,584. Dropbox, Inc. has a one year low of $24.42 and a one year high of $33.33. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.51 and a beta of 0.63. The business’s 50-day simple moving average is $29.61 and its two-hundred day simple moving average is $28.88.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The business had revenue of $634.40 million during the quarter, compared to analyst estimates of $623.59 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DBX. LSV Asset Management lifted its stake in shares of Dropbox by 38.1% in the third quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after buying an additional 3,205,140 shares in the last quarter. Acadian Asset Management LLC increased its stake in Dropbox by 1.9% during the first quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock worth $228,202,000 after acquiring an additional 157,148 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Dropbox by 2.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,806,508 shares of the company’s stock valued at $205,625,000 after buying an additional 144,347 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Dropbox by 1.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 5,095,485 shares of the company’s stock valued at $153,935,000 after purchasing an additional 70,867 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dropbox by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,950,273 shares of the company’s stock valued at $78,802,000 after buying an additional 36,268 shares during the period. 94.84% of the stock is owned by hedge funds and other 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.