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 the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $32.17, for a total value of $80,425.00. Following the transaction, the chief financial officer now directly owns 398,764 shares in the company, valued at $12,828,237.88. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were 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.
• On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00.
• On Friday, November 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $27.17, for a total transaction of $67,925.00.

Dropbox Stock Performance

Shares of NASDAQ DBX traded down $0.20 during midday trading on Monday, reaching $31.95. The stock had a trading volume of 2,862,119 shares, compared to its average volume of 2,808,729. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.43. The stock has a 50-day moving average of $30.04 and a 200-day moving average of $26.71. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.63 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). The business had revenue of $638.80 million for the quarter, compared to the consensus estimate of $636.93 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, analysts forecast that Dropbox, Inc. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price target on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dropbox presently has a consensus rating of “Hold” and an average target price of $27.50.

Institutional Investors Weigh In On Dropbox

Institutional investors have recently added to or reduced their stakes in the stock. Avion Wealth boosted its stake in Dropbox by 4,472.7% during the fourth quarter. Avion Wealth now owns 1,006 shares of the company’s stock valued at $30,000 after buying an additional 984 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Dropbox during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of Dropbox during the 3rd quarter valued at approximately $31,000. Allworth Financial LP grew its holdings in shares of Dropbox by 33.5% in the fourth quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Dropbox by 2,479.4% in the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,686 shares during the last quarter. 94.84% of the stock is 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.