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

Key Points

• Timothy Regan, CFO of Dropbox, sold 2,500 shares at an average price of $27.98 on July 29th, totaling $69,950, reducing his ownership to 511,094 shares.
• Despite the recent share sale, Dropbox reported a positive quarterly earnings result of $0.70 EPS, surpassing estimates of $0.62, with quarterly revenue of $624.70 million.
• Dropbox shares traded down to $27.17, with a market cap of $7.65 billion and P/E ratio of 17.76, indicating a decrease in stock performance amidst ongoing trading activity.

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $27.98, for a total value of $69,950.00. Following the completion of the transaction, the chief financial officer owned 511,094 shares of the company's stock, valued at $14,300,410.12. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, July 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was 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 stock was 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 stock was 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 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 shares were 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 value of $73,825.00.

Dropbox Stock Performance

Dropbox stock traded up $0.14 during midday trading on Monday, reaching $26.60. The company's stock had a trading volume of 476,964 shares, compared to its average volume of 3,752,824. Dropbox, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $33.33. The stock's 50 day simple moving average is $28.09 and its 200 day simple moving average is $28.39. The firm has a market capitalization of $7.49 billion, a PE ratio of 17.38, a P/E/G ratio of 10.41 and a beta of 0.64.

Dropbox (NASDAQ:DBX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.70 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 company had revenue of $624.70 million during the quarter, compared to the consensus estimate of $619.56 million. During the same quarter last year, the company earned $0.58 earnings per share. Dropbox's quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on DBX. Citigroup boosted their target price on Dropbox from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 9th. UBS Group boosted their target price on Dropbox from $30.00 to $31.00 and gave the company a "buy" rating in a report on Friday, May 9th.

Institutional Trading of Dropbox

A number of institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Dropbox by 1.9% during the first quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company's stock worth $228,202,000 after purchasing an additional 157,148 shares in the last quarter. LSV Asset Management boosted its position in Dropbox by 18.4% during the first quarter. LSV Asset Management now owns 7,633,516 shares of the company's stock worth $203,891,000 after purchasing an additional 1,187,395 shares in the last quarter. AQR Capital Management LLC boosted its position 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 purchasing an additional 97,551 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 purchasing an additional 36,268 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Dropbox by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,646,502 shares of the company's stock worth $79,505,000 after purchasing an additional 82,284 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

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.