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 the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $28.40, for a total transaction of $71,000.00. Following the sale, the chief financial officer owned 526,094 shares in the company, 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 SEC, 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 transaction 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 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 stock was sold at an average price of $26.94, for a total transaction of $67,350.00.

Dropbox Price Performance

Shares of DBX traded up $0.40 during midday trading on Friday, reaching $27.95. The stock had a trading volume of 2,351,807 shares, compared to its average volume of 3,394,626. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 11.01 and a beta of 0.65. The company's fifty day simple moving average is $28.75 and its two-hundred day simple moving average is $28.78. Dropbox, Inc. has a 1-year low of $21.32 and a 1-year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. Dropbox had a negative return on equity of 79.66% and a net margin of 18.50%. The firm had revenue of $624.70 million during the quarter, compared to the consensus estimate of $619.56 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its holdings in Dropbox by 1.9% in the first quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company's stock valued at $228,202,000 after acquiring an additional 157,148 shares during the period. LSV Asset Management increased its holdings in shares of Dropbox by 18.4% in the 1st quarter. LSV Asset Management now owns 7,633,516 shares of the company's stock valued at $203,891,000 after purchasing an additional 1,187,395 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Dropbox by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock valued at $156,955,000 after purchasing an additional 1,440,887 shares during the period. AQR Capital Management LLC boosted its holdings in Dropbox by 3.0% during the fourth quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company's stock worth $99,842,000 after buying an additional 97,551 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dropbox by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,950,273 shares of the company's stock worth $78,802,000 after buying an additional 36,268 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DBX shares. UBS Group upped their price target on Dropbox from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Citigroup upped their target price on shares of Dropbox from $30.00 to $32.00 and gave the company a "neutral" rating in a research 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.