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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 1,500 shares of Dropbox stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $30.25, for a total value of $45,375.00. Following the completion of the sale, the chief financial officer owned 467,121 shares in the company, valued at approximately $14,130,410.25. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value 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 shares were sold at an average price of $30.71, for a total value of $46,065.00.

Dropbox Trading Down 0.8%

DBX traded down $0.23 on Tuesday, hitting $29.47. 5,526,735 shares of the company’s stock were exchanged, compared to its average volume of 3,658,497. Dropbox, Inc. has a fifty-two week low of $24.42 and a fifty-two week high of $33.33. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.75 and a beta of 0.66. The firm has a 50-day moving average price of $29.94 and a 200-day moving average price of $28.86.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.10. The firm had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.59 million. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Dropbox

A number of hedge funds have recently modified their holdings of the business. LSV Asset Management lifted its position in Dropbox by 38.1% in the third quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock valued at $350,848,000 after buying an additional 3,205,140 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Dropbox in the 2nd quarter valued at approximately $56,911,000. Norges Bank acquired a new position in shares of Dropbox in the 2nd quarter worth approximately $51,307,000. Seizert Capital Partners LLC boosted its position in shares of Dropbox by 524.8% during the 1st quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company’s stock worth $50,198,000 after purchasing an additional 1,578,566 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Dropbox by 47.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock valued at $64,164,000 after purchasing an additional 686,577 shares during the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

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.