Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 3,000 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $23.11, for a total transaction of $69,330.00. Following the transaction, the chief financial officer now directly owns 594,995 shares of the company's stock, valued at approximately $13,750,334.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Timothy Regan also recently made the following trade(s):
- On Wednesday, March 27th, Timothy Regan sold 3,000 shares of Dropbox stock. The shares were sold at an average price of $24.36, for a total transaction of $73,080.00.
- On Friday, March 15th, Timothy Regan sold 3,000 shares of Dropbox stock. The shares were sold at an average price of $24.02, for a total transaction of $72,060.00.
- On Tuesday, January 30th, Timothy Regan sold 3,000 shares of Dropbox stock. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00.
Dropbox Price Performance
DBX opened at $22.80 on Thursday. The company's 50-day moving average is $25.13 and its 200 day moving average is $27.52. Dropbox, Inc. has a fifty-two week low of $19.55 and a fifty-two week high of $33.43. The firm has a market capitalization of $7.84 billion, a P/E ratio of 17.27, a PEG ratio of 2.58 and a beta of 0.71.
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Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $635.00 million during the quarter, compared to the consensus estimate of $630.77 million. Dropbox had a negative return on equity of 120.82% and a net margin of 18.13%. On average, equities research analysts expect that Dropbox, Inc. will post 1.14 earnings per share for the current year.
Institutional Trading of Dropbox
Several hedge funds have recently added to or reduced their stakes in the stock. Baupost Group LLC MA raised its position in Dropbox by 30.6% in the first quarter. Baupost Group LLC MA now owns 10,571,046 shares of the company's stock worth $245,777,000 after acquiring an additional 2,476,021 shares during the period. Thrivent Financial for Lutherans raised its position in Dropbox by 0.6% in the first quarter. Thrivent Financial for Lutherans now owns 4,523,209 shares of the company's stock worth $97,792,000 after acquiring an additional 27,991 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Dropbox by 5.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,418,927 shares of the company's stock worth $120,327,000 after acquiring an additional 227,633 shares during the period. First Trust Advisors LP raised its position in Dropbox by 9.5% in the first quarter. First Trust Advisors LP now owns 3,782,752 shares of the company's stock worth $81,783,000 after acquiring an additional 326,958 shares during the period. Finally, Eaton Vance Management raised its position in shares of Dropbox by 3.2% in the first quarter. Eaton Vance Management now owns 3,670,636 shares of the company's stock valued at $85,342,000 after purchasing an additional 113,180 shares during the period. Institutional investors own 94.84% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on DBX shares. Bank of America cut shares of Dropbox from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $34.00 to $28.00 in a research report on Friday, February 16th. The Goldman Sachs Group cut shares of Dropbox from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $26.00 to $24.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Dropbox from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $33.00 to $30.00 in a research report on Friday, February 16th. JMP Securities cut shares of Dropbox from an "outperform" rating to a "market perform" rating in a report on Friday, February 16th. Finally, Citigroup reduced their price objective on shares of Dropbox from $31.00 to $27.00 and set a "neutral" rating for the company in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Dropbox currently has a consensus rating of "Hold" and an average target price of $29.78.
Get Our Latest Analysis on DBX
Dropbox Company Profile
(
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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.
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