Insider Selling: Dropbox (NASDAQ:DBX) CFO Sells 1,500 Shares of Stock

Key Points

• Dropbox CFO Timothy Regan sold 1,500 shares at an average price of $28.62, totaling approximately $42,930, reducing his direct ownership to 470,121 shares.
• Dropbox's stock has traded up 2.6%, reaching $29.11, with a market cap of $7.86 billion and a price-to-earnings ratio of 17.75.
• Analysts have mixed views on Dropbox, with ratings ranging from "hold" to "sell," and the consensus target price at $29.67.

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 1,500 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $28.62, for a total transaction of $42,930.00. Following the completion of the sale, the chief financial officer directly owned 470,121 shares of the company's stock, valued at approximately $13,454,863.02. The trade was a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $148,800.00.
• On Tuesday, September 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The stock was sold at an average price of $30.71, for a total transaction of $46,065.00.
• On Friday, August 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $27.95, for a total transaction of $69,875.00.
• On Tuesday, July 29th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $27.98, for a total transaction of $69,950.00.

Dropbox Trading Up 2.6%

DBX traded up $0.73 on Friday, hitting $29.11. 2,591,188 shares of the company's stock were exchanged, compared to its average volume of 3,657,495. Dropbox, Inc. has a fifty-two week low of $24.42 and a fifty-two week high of $33.33. The firm has a 50-day moving average price of $29.44 and a 200-day moving average price of $28.47. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 3.81 and a beta of 0.67.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. Dropbox had a net margin of 19.17% and a negative return on equity of 61.31%. The company had revenue of $625.70 million for the quarter, compared to analysts' expectations of $618.60 million. During the same quarter in the previous year, the company posted $0.60 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DBX. Weiss Ratings reissued a "hold (c+)" rating on shares of Dropbox in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Dropbox from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, UBS Group cut shares of Dropbox from a "neutral" rating to a "sell" rating and lowered their price target for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dropbox has a consensus rating of "Reduce" and a consensus target price of $29.67.

Institutional Trading of Dropbox

A number of institutional investors and hedge funds have recently bought and sold shares of DBX. Elequin Capital LP increased its stake in Dropbox by 71.0% during the first quarter. Elequin Capital LP now owns 1,130 shares of the company's stock worth $30,000 after purchasing an additional 469 shares during the period. Neo Ivy Capital Management purchased a new stake in Dropbox during the second quarter worth about $30,000. Geneos Wealth Management Inc. increased its stake in Dropbox by 78.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company's stock worth $36,000 after purchasing an additional 558 shares during the period. Brooklyn Investment Group increased its stake in Dropbox by 250.3% during the first quarter. Brooklyn Investment Group now owns 1,387 shares of the company's stock worth $37,000 after purchasing an additional 991 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in Dropbox during the second quarter worth about $41,000. 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.

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