Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $28.29, for a total value of $70,725.00. Following the completion of the transaction, the chief financial officer now owns 562,568 shares of the company's stock, valued at approximately $15,915,048.72. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Timothy Regan also recently made the following trade(s):
- 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 value of $67,350.00.
- On Friday, March 28th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $26.57, for a total transaction of $66,425.00.
- On Friday, February 7th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00.
Dropbox Stock Performance
DBX opened at $28.61 on Friday. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.33. The company has a market cap of $8.63 billion, a P/E ratio of 20.29, a PEG ratio of 1.70 and a beta of 0.75. The business's 50-day simple moving average is $26.77 and its 200-day simple moving average is $28.42.
Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11). Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The company had revenue of $643.60 million during the quarter, compared to analysts' expectations of $638.61 million. As a group, analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Dropbox
Several hedge funds and other institutional investors have recently bought and sold shares of DBX. Burns Matteson Capital Management LLC boosted its stake in Dropbox by 3.6% in the first quarter. Burns Matteson Capital Management LLC now owns 16,158 shares of the company's stock valued at $432,000 after acquiring an additional 568 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Dropbox by 10.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 820,056 shares of the company's stock valued at $21,904,000 after purchasing an additional 76,111 shares during the period. SBI Securities Co. Ltd. grew its stake in Dropbox by 33.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,794 shares of the company's stock worth $48,000 after buying an additional 449 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Dropbox by 3,492.7% during the first quarter. Nisa Investment Advisors LLC now owns 193,611 shares of the company's stock worth $5,171,000 after buying an additional 188,222 shares during the period. Finally, Banque Pictet & Cie SA acquired a new position in Dropbox during the first quarter worth approximately $346,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lifted their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, January 6th.
Get Our Latest Stock Analysis on DBX
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.
Further Reading
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