Key Points
- Timothy Regan sold 1,500 Dropbox shares on Nov. 28 at an average price of $29.64 for $44,460, leaving him with 439,147 shares (a ~0.34% reduction in his stake).
- Regan has engaged in repeated insider selling over recent months (multiple 1,500-share sales and a 5,000-share sale on Oct. 1), signaling a sustained pattern of disposals by the CFO.
- Dropbox beat quarterly estimates with $0.74 EPS and $634.4M revenue; the stock trades near $29.71 (1‑year range $24.42–$33.33) and carries a consensus analyst rating of "Hold" with an average price target of $31.75.
Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 1,500 shares of the firm's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $29.64, for a total value of $44,460.00. Following the completion of the sale, the chief financial officer owned 439,147 shares in the company, valued at approximately $13,016,317.08. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Timothy Regan also recently made the following trade(s):
- On Friday, November 14th, Timothy Regan sold 1,500 shares of Dropbox stock. The stock was sold at an average price of $30.25, for a total value of $45,375.00.
- On Thursday, October 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The stock was sold at an average price of $28.40, for a total value of $42,600.00.
- On Wednesday, October 15th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $28.62, for a total value of $42,930.00.
- On Wednesday, October 1st, Timothy Regan sold 5,000 shares of Dropbox stock. The stock was sold at an average price of $29.76, for a total transaction of $148,800.00.
- On Tuesday, September 30th, Timothy Regan sold 1,500 shares of Dropbox stock. The shares were sold at an average price of $30.71, for a total transaction of $46,065.00.
Dropbox Price Performance
Shares of DBX opened at $29.71 on Wednesday. Dropbox, Inc. has a 1-year low of $24.42 and a 1-year high of $33.33. The stock has a market cap of $7.69 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. The firm has a fifty day moving average price of $29.59 and a 200 day moving average price of $28.89.
Dropbox (NASDAQ:DBX - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The business had revenue of $634.40 million for the quarter, compared to analysts' expectations of $623.59 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.
Institutional Investors Weigh In On Dropbox
A number of hedge funds and other institutional investors have recently bought and sold shares of DBX. Cetera Investment Advisers lifted its stake in shares of Dropbox by 29.9% in the first quarter. Cetera Investment Advisers now owns 22,218 shares of the company's stock valued at $593,000 after purchasing an additional 5,117 shares during the period. Federated Hermes Inc. raised its position in Dropbox by 18.2% during the first quarter. Federated Hermes Inc. now owns 25,572 shares of the company's stock worth $683,000 after acquiring an additional 3,929 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Dropbox by 32.0% in the first quarter. Natixis Advisors LLC now owns 14,410 shares of the company's stock valued at $385,000 after purchasing an additional 3,497 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Dropbox in the first quarter valued at approximately $2,107,000. Finally, Baker Avenue Asset Management LP purchased a new position in Dropbox during the first quarter worth $238,000. Institutional investors and hedge funds own 94.84% of the company's stock.
Analysts Set New Price Targets
DBX has been the subject of several research analyst reports. UBS Group downgraded Dropbox from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $29.00 to $27.00 in a report on Thursday, September 18th. Wall Street Zen upgraded shares of Dropbox from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Royal Bank Of Canada upped their target price on shares of Dropbox from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Dropbox in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.75.
Get Our Latest Analysis on Dropbox
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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