Insider Selling: Dropbox, Inc. (NASDAQ:DBX) CFO Sells 2,500 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $28.29, for a total transaction of $70,725.00. Following the transaction, the chief financial officer now owns 562,568 shares of the company's stock, valued at approximately $15,915,048.72. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, April 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was 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 shares were 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 shares were sold at an average price of $32.19, for a total transaction of $80,475.00.

Dropbox Stock Performance

NASDAQ DBX remained flat at $29.41 during mid-day trading on Thursday. The company had a trading volume of 713,054 shares, compared to its average volume of 3,619,112. The firm has a market cap of $8.87 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33. The stock has a 50-day moving average price of $26.94 and a 200 day moving average price of $28.48.

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

Institutional Investors Weigh In On Dropbox

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in Dropbox by 15.2% during the 3rd quarter. Retirement Systems of Alabama now owns 944,033 shares of the company's stock worth $24,007,000 after buying an additional 124,528 shares during the period. GAMMA Investing LLC boosted its holdings in Dropbox by 122.9% in the fourth quarter. GAMMA Investing LLC now owns 6,436 shares of the company's stock valued at $193,000 after purchasing an additional 3,548 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Dropbox during the 4th quarter valued at approximately $3,205,000. Cooper Financial Group raised its position in shares of Dropbox by 39.8% in the 4th quarter. Cooper Financial Group now owns 22,466 shares of the company's stock valued at $675,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Oak Thistle LLC boosted its stake in shares of Dropbox by 70.4% during the 4th quarter. Oak Thistle LLC now owns 32,249 shares of the company's stock valued at $969,000 after buying an additional 13,320 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.