Timothy Regan Sells 2,500 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Monday, June 30th. The stock was sold at an average price of $28.40, for a total transaction of $71,000.00. Following the completion of the transaction, the chief financial officer directly owned 526,094 shares of the company's stock, valued at approximately $14,941,069.60. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Friday, June 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was 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 stock was sold at an average price of $28.78, for a total value 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 transaction 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 stock was sold at an average price of $26.94, for a total value of $67,350.00.

Dropbox Stock Down 0.5%

Shares of NASDAQ DBX traded down $0.15 during mid-day trading on Wednesday, hitting $27.55. 4,449,551 shares of the company traded hands, compared to its average volume of 3,390,042. Dropbox, Inc. has a 1 year low of $21.32 and a 1 year high of $33.33. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 18.01 and a beta of 0.65. The business has a 50 day moving average of $28.77 and a two-hundred day moving average of $28.83.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.70 EPS 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 company had revenue of $624.70 million during the quarter, compared to analysts' expectations of $619.56 million. During the same period last year, the company posted $0.58 earnings per share. The business's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on DBX shares. UBS Group boosted their price target on shares of Dropbox from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup boosted their price objective on Dropbox from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Dropbox in the first quarter worth approximately $647,000. Intech Investment Management LLC increased its holdings in shares of Dropbox by 185.2% during the 4th quarter. Intech Investment Management LLC now owns 150,488 shares of the company's stock valued at $4,521,000 after acquiring an additional 97,725 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Dropbox by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 27,707 shares of the company's stock worth $832,000 after purchasing an additional 1,131 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Dropbox in the fourth quarter valued at approximately $25,375,000. Finally, IFP Advisors Inc grew its stake in Dropbox by 436.7% in the 4th quarter. IFP Advisors Inc now owns 3,322 shares of the company's stock valued at $101,000 after buying an additional 2,703 shares during the last quarter. Institutional investors and hedge funds 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.

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.