Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 3,000 shares of the business's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $23.60, for a total transaction of $70,800.00. Following the sale, the chief financial officer now directly owns 591,995 shares of the company's stock, valued at approximately $13,971,082. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Timothy Regan also recently made the following trade(s):
- On Monday, April 15th, Timothy Regan sold 3,000 shares of Dropbox stock. The shares were sold at an average price of $23.11, for a total transaction of $69,330.00.
- 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.
Dropbox Stock Performance
Dropbox stock opened at $23.59 on Friday. The stock has a fifty day moving average of $23.77 and a two-hundred day moving average of $27.18. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.64 and a beta of 0.70. Dropbox, Inc. has a fifty-two week low of $19.55 and a fifty-two week high of $33.43.
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Dropbox (NASDAQ:DBX - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The firm had revenue of $635.00 million during the quarter, compared to analyst estimates of $630.77 million. Dropbox had a net margin of 18.13% and a negative return on equity of 120.82%. On average, analysts forecast that Dropbox, Inc. will post 1.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DBX has been the topic of several recent analyst reports. JMP Securities lowered shares of Dropbox from an "outperform" rating to a "market perform" rating in a report on Friday, February 16th. KeyCorp upped their price objective on shares of Dropbox from $32.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, January 19th. Citigroup decreased their price objective on shares of Dropbox from $31.00 to $27.00 and set a "neutral" rating on the stock in a report on Friday, March 22nd. Bank of America lowered 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 report on Friday, February 16th. Finally, The Goldman Sachs Group lowered 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 report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Dropbox presently has an average rating of "Hold" and a consensus target price of $29.78.
Check Out Our Latest Stock Analysis on Dropbox
Institutional Trading of Dropbox
Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in Dropbox in the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new position in shares of Dropbox during the fourth quarter valued at approximately $26,000. Fifth Third Bancorp grew its holdings in shares of Dropbox by 424.2% during the third quarter. Fifth Third Bancorp now owns 1,085 shares of the company's stock valued at $30,000 after purchasing an additional 878 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Dropbox during the fourth quarter valued at approximately $34,000. Finally, Sound Income Strategies LLC bought a new position in shares of Dropbox during the first quarter valued at approximately $28,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
About Dropbox
(
Get Free Report)
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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