Dropbox, Inc. (NASDAQ:DBX) CFO Sells $71,000.00 in Stock

Dropbox, Inc. (NASDAQ:DBXGet Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $28.40, for a total value of $71,000.00. Following the transaction, the chief financial officer owned 526,094 shares of the company’s stock, valued at $14,941,069.60. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, July 1st, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $27.94, for a total transaction of $279,400.00.
  • On Friday, June 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.10, for a total transaction of $70,250.00.
  • On Friday, May 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.78, for a total transaction of $71,950.00.
  • On Thursday, May 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $29.53, for a total value of $73,825.00.
  • On Wednesday, April 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $28.29, for a total transaction of $70,725.00.
  • On Tuesday, April 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $26.94, for a total transaction of $67,350.00.

Dropbox Stock Performance

DBX opened at $27.95 on Friday. Dropbox, Inc. has a 52-week low of $21.32 and a 52-week high of $33.33. The firm has a market cap of $7.87 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 10.84 and a beta of 0.65. The business’s fifty day moving average is $28.76 and its 200-day moving average is $28.80.

Dropbox (NASDAQ:DBXGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $624.70 million for the quarter, compared to the consensus estimate of $619.56 million. Dropbox had a net margin of 18.50% and a negative return on equity of 79.66%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. On average, research analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DBX has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. UBS Group lifted their price target on shares of Dropbox from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 9th.

Read Our Latest Analysis on DBX

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Dropbox by 1.9% during the 1st quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock worth $228,202,000 after buying an additional 157,148 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Dropbox by 18.4% in the first quarter. LSV Asset Management now owns 7,633,516 shares of the company’s stock worth $203,891,000 after acquiring an additional 1,187,395 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dropbox by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company’s stock worth $156,955,000 after acquiring an additional 1,440,887 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Dropbox by 3.0% in the 4th quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company’s stock valued at $99,842,000 after purchasing an additional 97,551 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Dropbox by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,950,273 shares of the company’s stock valued at $78,802,000 after purchasing an additional 36,268 shares during the last quarter. 94.84% of the stock is owned by institutional investors.

Dropbox Company Profile

(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.

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

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