Insider Selling: Dropbox, Inc. (NASDAQ:DBX) CFO Sells 2,500 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Friday, March 28th. The stock was sold at an average price of $26.57, for a total transaction of $66,425.00. Following the completion of the transaction, the chief financial officer now directly owns 367,791 shares of the company’s stock, valued at $9,772,206.87. The trade was a 0.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 7th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.19, for a total value of $80,475.00.
• On Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $32.17, for a total value of $80,425.00.
• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.37, for a total value of $75,925.00.
• On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $29.65, for a total value of $296,500.00.

Dropbox Stock Performance

Shares of NASDAQ DBX opened at $27.18 on Wednesday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.33. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.70 and a beta of 0.77. The business’s 50 day moving average price is $28.87 and its 200-day moving average price is $28.13.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). The business had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Sell-side analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Integrated Advisors Network LLC bought a new position in shares of Dropbox during the 4th quarter worth $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dropbox by 8.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,761,252 shares of the company’s stock worth $52,908,000 after acquiring an additional 137,916 shares in the last quarter. Vident Advisory LLC increased its position in Dropbox by 4.6% during the 4th quarter. Vident Advisory LLC now owns 89,977 shares of the company’s stock valued at $2,703,000 after purchasing an additional 3,962 shares during the period. Vivaldi Capital Management LP purchased a new position in Dropbox during the 4th quarter valued at about $293,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Dropbox by 44.7% in the 4th quarter. Two Sigma Advisers LP now owns 131,100 shares of the company’s stock valued at $3,938,000 after purchasing an additional 40,500 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price objective on shares of Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, January 6th.

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.