Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $23.11, for a total transaction of $69,330.00. Following the sale, the chief financial officer now owns 594,995 shares in the company, valued at approximately $13,750,334.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Timothy Regan also recently made the following trade(s):
- On Wednesday, March 27th, Timothy Regan sold 3,000 shares of Dropbox stock. The stock was sold at an average price of $24.36, for a total transaction of $73,080.00.
- On Friday, March 15th, Timothy Regan sold 3,000 shares of Dropbox stock. The stock was sold at an average price of $24.02, for a total transaction of $72,060.00.
- On Tuesday, January 30th, Timothy Regan sold 3,000 shares of Dropbox stock. The stock was sold at an average price of $32.50, for a total transaction of $97,500.00.
Dropbox Trading Down 0.6 %
Shares of DBX stock traded down $0.14 on Wednesday, reaching $22.80. The company's stock had a trading volume of 3,164,613 shares, compared to its average volume of 3,980,114. The stock's fifty day simple moving average is $25.13 and its 200-day simple moving average is $27.52. Dropbox, Inc. has a 1 year low of $19.55 and a 1 year high of $33.43. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.58 and a beta of 0.71.
Dropbox (NASDAQ:DBX - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Dropbox had a net margin of 18.13% and a negative return on equity of 120.82%. The business had revenue of $635.00 million during the quarter, compared to analysts' expectations of $630.77 million. Equities research analysts forecast that Dropbox, Inc. will post 1.14 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have commented on DBX shares. Citigroup decreased their target price on shares of Dropbox from $31.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. KeyCorp lifted their price objective on shares of Dropbox from $32.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, January 19th. Bank of America cut shares of Dropbox from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $34.00 to $28.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Dropbox from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $33.00 to $30.00 in a research report on Friday, February 16th. Finally, The Goldman Sachs Group cut shares of Dropbox from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $26.00 to $24.00 in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.78.
Get Our Latest Report on DBX
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in Dropbox during the fourth quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in Dropbox during the fourth quarter worth $26,000. Harbour Investments Inc. purchased a new stake in shares of Dropbox during the fourth quarter valued at $29,000. Fifth Third Bancorp boosted its stake in shares of Dropbox by 424.2% during the third quarter. Fifth Third Bancorp now owns 1,085 shares of the company's stock valued at $30,000 after purchasing an additional 878 shares during the period. Finally, Principal Securities Inc. purchased a new stake in shares of Dropbox during the fourth quarter valued at $34,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dropbox, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dropbox wasn't on the list.
While Dropbox currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
