Timothy Regan Sells 10,000 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $27.94, for a total value of $279,400.00. Following the completion of the sale, the chief financial officer directly owned 516,094 shares of the company's stock, valued at approximately $14,419,666.36. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.40, for a total transaction 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 transaction of $70,250.00.
• On Friday, May 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.78, for a total transaction of $71,950.00.
• On Thursday, May 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $29.53, for a total value of $73,825.00.
• On Wednesday, April 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.29, for a total value of $70,725.00.
• 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.

Dropbox Stock Up 1.5%

Shares of NASDAQ:DBX traded up $0.40 during trading on Friday, reaching $27.95. 2,351,807 shares of the company traded hands, compared to its average volume of 3,394,626. The firm has a market capitalization of $7.87 billion, a PE ratio of 18.27, a PEG ratio of 11.01 and a beta of 0.65. Dropbox, Inc. has a 52 week low of $21.32 and a 52 week high of $33.33. The company's 50 day moving average is $28.75 and its two-hundred day moving average is $28.78.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08. Dropbox had a net margin of 18.50% and a negative return on equity of 79.66%. The business had revenue of $624.70 million during the quarter, compared to analysts' expectations of $619.56 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. Dropbox's revenue was down 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Institutional Trading of Dropbox

Large investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its stake in Dropbox by 1,640.3% during the first quarter. Wedge Capital Management L L P NC now owns 2,141,026 shares of the company's stock worth $57,187,000 after purchasing an additional 2,017,997 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of Dropbox by 524.8% during the 1st quarter. Seizert Capital Partners LLC now owns 1,879,374 shares of the company's stock worth $50,198,000 after buying an additional 1,578,566 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Dropbox by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock worth $156,955,000 after buying an additional 1,440,887 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Dropbox by 291.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,797,823 shares of the company's stock valued at $54,007,000 after buying an additional 1,338,234 shares in the last quarter. Finally, LSV Asset Management grew its position in Dropbox by 24.0% in the fourth quarter. LSV Asset Management now owns 6,446,121 shares of the company's stock valued at $193,641,000 after acquiring an additional 1,245,563 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.

Wall Street Analyst Weigh In

DBX has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of Dropbox from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Citigroup boosted their price objective on shares of Dropbox from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 9th.

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.