Dropbox (NASDAQ:DBX) CFO Sells $45,375.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 1,500 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $30.25, for a total value of $45,375.00. Following the sale, the chief financial officer directly owned 467,121 shares in the company, valued at $14,130,410.25. This trade represents a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 Trading Down 0.8%

Shares of NASDAQ:DBX traded down $0.23 during trading on Tuesday, reaching $29.47. The stock had a trading volume of 5,526,735 shares, compared to its average volume of 3,658,497. The company has a market capitalization of $7.63 billion, a P/E ratio of 16.65, a PEG ratio of 2.75 and a beta of 0.66. The firm’s 50-day simple moving average is $29.94 and its 200 day simple moving average is $28.86. Dropbox, Inc. has a one year low of $24.42 and a one year high of $33.33.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.10. The business had revenue of $634.40 million for the quarter, compared to analyst estimates of $623.59 million. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

DBX has been the topic of several recent analyst reports. UBS Group lowered Dropbox from a “neutral” rating to a “sell” rating and reduced their target price for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Royal Bank Of Canada lifted their price objective on shares of Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen raised Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dropbox currently has a consensus rating of “Hold” and an average price target of $31.75.

Institutional Trading of Dropbox

Several institutional investors and hedge funds have recently bought and sold shares of DBX. Rossby Financial LCC increased its stake in shares of Dropbox by 128.5% in the third quarter. Rossby Financial LCC now owns 937 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the period. Elequin Capital LP lifted its position in shares of Dropbox by 71.0% during the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock valued at $30,000 after buying an additional 469 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Dropbox in the 2nd quarter valued at $30,000. Palisade Asset Management LLC acquired a new stake in Dropbox in the 3rd quarter valued at $30,000. Finally, First Horizon Corp purchased a new stake in Dropbox in the 3rd quarter worth $31,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

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.