Timothy Regan Sells 2,500 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $26.83, for a total transaction of $67,075.00. Following the sale, the chief financial officer owned 513,594 shares of the company's stock, valued at approximately $13,779,727.02. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 value of $279,400.00.
• On Monday, June 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $28.40, for a total value of $71,000.00.
• On Friday, June 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $28.10, for a total value of $70,250.00.
• On Friday, May 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were 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 shares were sold at an average price of $29.53, for a total transaction 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.

Dropbox Price Performance

NASDAQ DBX traded up $0.17 on Monday, hitting $27.23. The company had a trading volume of 502,150 shares, compared to its average volume of 3,417,605. The company has a market capitalization of $7.66 billion, a PE ratio of 17.79, a PEG ratio of 10.64 and a beta of 0.65. The company's fifty day moving average price is $28.38 and its 200-day moving average price is $28.55. Dropbox, Inc. has a 12-month low of $21.32 and a 12-month high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. The business had revenue of $624.70 million during the quarter, compared to analysts' expectations of $619.56 million. Dropbox had a negative return on equity of 79.66% and a net margin of 18.50%. The business's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, sell-side analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DBX shares. Citigroup boosted their target price on shares of Dropbox from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. UBS Group boosted their price objective on Dropbox from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in shares of Dropbox by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 126,321 shares of the company's stock valued at $3,794,000 after acquiring an additional 333 shares during the last quarter. Heron Bay Capital Management increased its holdings in shares of Dropbox by 2.3% during the 4th quarter. Heron Bay Capital Management now owns 16,769 shares of the company's stock worth $504,000 after buying an additional 378 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Dropbox by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 7,411 shares of the company's stock worth $198,000 after buying an additional 395 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Dropbox by 5.1% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,419 shares of the company's stock worth $256,000 after buying an additional 407 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Dropbox by 96.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock worth $26,000 after buying an additional 424 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

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.