Timothy Regan Sells 3,177 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBXGet Free Report) CFO Timothy Regan sold 3,177 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.00, for a total value of $79,425.00. Following the completion of the sale, the chief financial officer now directly owns 481,747 shares of the company’s stock, valued at approximately $12,043,675. 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 Monday, September 16th, Timothy Regan sold 400 shares of Dropbox stock. The shares were sold at an average price of $25.00, for a total transaction of $10,000.00.
  • On Friday, September 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $24.35, for a total transaction of $60,875.00.
  • On Monday, July 15th, Timothy Regan sold 3,000 shares of Dropbox stock. The shares were sold at an average price of $22.76, for a total transaction of $68,280.00.
  • On Monday, July 1st, Timothy Regan sold 13,000 shares of Dropbox stock. The stock was sold at an average price of $22.33, for a total value of $290,290.00.

Dropbox Stock Performance

DBX stock opened at $24.93 on Wednesday. The stock’s 50 day moving average price is $23.66 and its 200 day moving average price is $23.23. The firm has a market cap of $8.23 billion, a P/E ratio of 16.51, a PEG ratio of 1.51 and a beta of 0.61. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43.

Dropbox (NASDAQ:DBXGet Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $634.50 million for the quarter, compared to the consensus estimate of $630.10 million. Dropbox had a negative return on equity of 161.78% and a net margin of 23.06%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. On average, research analysts predict that Dropbox, Inc. will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Dropbox

Several hedge funds have recently modified their holdings of DBX. Sound Income Strategies LLC acquired a new stake in shares of Dropbox during the first quarter worth $28,000. GAMMA Investing LLC boosted its stake in Dropbox by 274.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,238 shares of the company’s stock worth $28,000 after buying an additional 907 shares during the last quarter. Fifth Third Bancorp grew its holdings in Dropbox by 548.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock valued at $31,000 after buying an additional 1,169 shares during the period. Principal Securities Inc. acquired a new position in shares of Dropbox during the 4th quarter valued at about $34,000. Finally, Quarry LP increased its stake in shares of Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after acquiring an additional 880 shares during the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DBX has been the subject of several research reports. Citigroup reduced their price objective on Dropbox from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. UBS Group cut their price target on Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dropbox has a consensus rating of “Hold” and a consensus price target of $28.67.

View Our Latest Report on Dropbox

About Dropbox

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Dropbox (NASDAQ:DBX)

Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.