Dropbox, Inc. (NASDAQ:DBX) CFO Sells $66,425.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $26.57, for a total value of $66,425.00. Following the completion of the transaction, the chief financial officer now directly owns 367,791 shares in the company, valued at $9,772,206.87. This trade represents a 0.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $80,475.00.
• On Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.17, for a total value of $80,425.00.
• 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 value of $296,500.00.

Dropbox Price Performance

Shares of NASDAQ DBX traded up $0.47 during mid-day trading on Tuesday, hitting $27.18. The company had a trading volume of 4,049,565 shares, compared to its average volume of 3,553,341. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33. The company has a market capitalization of $8.20 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The business’s 50-day simple moving average is $28.95 and its 200 day simple moving average is $28.11.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Dropbox

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Advisors Network LLC purchased a new position in shares of Dropbox during the 4th quarter worth about $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Dropbox by 8.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,761,252 shares of the company’s stock worth $52,908,000 after buying an additional 137,916 shares during the period. Vident Advisory LLC lifted its holdings in shares of Dropbox by 4.6% during the 4th quarter. Vident Advisory LLC now owns 89,977 shares of the company’s stock valued at $2,703,000 after acquiring an additional 3,962 shares in the last quarter. Vivaldi Capital Management LP purchased a new stake in shares of Dropbox during the 4th quarter valued at about $293,000. Finally, Two Sigma Advisers LP lifted its position in Dropbox by 44.7% during the 4th quarter. Two Sigma Advisers LP now owns 131,100 shares of the company’s stock worth $3,938,000 after acquiring an additional 40,500 shares in the last quarter. 94.84% of the stock is currently 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.