Dropbox (NASDAQ:DBX) CFO Timothy Regan Sells 2,500 Shares

Key Points

• Dropbox CFO Timothy Regan sold 2,500 shares of the company's stock on August 15th for a total of $69,875, decreasing his holdings to 482,121 shares.
• Recently, Dropbox reported $0.71 earnings per share for the quarter, exceeding analysts' expectations of $0.63, despite a 1.4% year-over-year revenue decline.
• Brokerages have mixed views on Dropbox, with UBS lowering its price target from $31 to $29, while Citigroup raised its target from $30 to $32, both maintaining a "neutral" rating.

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $27.95, for a total value of $69,875.00. Following the completion of the transaction, the chief financial officer owned 482,121 shares in the company, valued at $13,475,281.95. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, July 29th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $27.98, for a total value of $69,950.00.
• On Tuesday, July 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $26.83, for a total value of $67,075.00.
• 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 value of $71,950.00.

Dropbox Trading Up 1.8%

Shares of NASDAQ:DBX traded up $0.50 during midday trading on Friday, hitting $28.82. The company had a trading volume of 2,372,209 shares, compared to its average volume of 3,551,584. Dropbox, Inc. has a 12 month low of $22.72 and a 12 month high of $33.33. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.81 and a beta of 0.64. The firm has a fifty day simple moving average of $27.68 and a 200 day simple moving average of $27.94.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly 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 negative return on equity of 61.31% and a net margin of 19.17%.The business had revenue of $625.70 million for the quarter, compared to analyst estimates of $618.60 million. During the same period last year, the company earned $0.60 EPS. The firm's revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DBX shares. UBS Group reduced their price target on Dropbox from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Citigroup raised their price target on Dropbox from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.33.

Institutional Investors Weigh In On Dropbox

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Dropbox in the first quarter valued at approximately $647,000. Rehmann Capital Advisory Group bought a new stake in shares of Dropbox in the first quarter valued at approximately $675,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dropbox by 8.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,761,252 shares of the company's stock valued at $52,908,000 after buying an additional 137,916 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Dropbox by 31.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,526 shares of the company's stock valued at $1,187,000 after buying an additional 9,570 shares during the period. Finally, Commerce Bank boosted its stake in shares of Dropbox by 94.9% in the first quarter. Commerce Bank now owns 203,052 shares of the company's stock valued at $5,424,000 after buying an additional 98,867 shares during the period. Institutional investors own 94.84% of the company's stock.

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.