Timothy Regan Sells 2,000 Shares of Dropbox Inc (NASDAQ:DBX) Inventory

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Dropbox Inc (NASDAQ:DBX) insider Timothy Regan offered 2,000 shares of the agency’s inventory in a transaction on Wednesday, March 20th. The shares have been offered at a median value of $22.34, for a complete worth of $44,680.00. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is out there by way of this hyperlink.

Timothy Regan additionally lately made the next commerce(s):

  • On Friday, January 18th, Timothy Regan offered 1,000 shares of Dropbox inventory. The inventory was offered at a median value of $22.95, for a complete worth of $22,950.00.
  • On Wednesday, January 16th, Timothy Regan offered 5,125 shares of Dropbox inventory. The inventory was offered at a median value of $22.57, for a complete worth of $115,671.25.

Shares of NASDAQ:DBX traded up $0.05 throughout buying and selling on Friday, reaching $21.95. 1,969,224 shares of the inventory have been exchanged, in comparison with its common quantity of two,538,950. The corporate has a debt-to-equity ratio of 0.13, a fast ratio of 1.45 and a present ratio of 1.45. Dropbox Inc has a 12-month low of $18.50 and a 12-month excessive of $43.50. The inventory has a market capitalization of $9.03 billion and a P/E ratio of -16.76.

Dropbox (NASDAQ:DBX) final issued its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. The enterprise had income of $375.90 million through the quarter, in comparison with analysts’ expectations of $369.64 million. Dropbox had a damaging return on fairness of 77.19% and a damaging web margin of 34.84%. Analysts predict that Dropbox Inc will submit -0.14 earnings per share for the present 12 months.

Quite a lot of hedge funds and different institutional buyers have lately added to or diminished their stakes within the enterprise. FMR LLC boosted its holdings in Dropbox by 22.7% within the 4th quarter. FMR LLC now owns 12,737,378 shares of the corporate’s inventory value $260,224,000 after buying a further 2,357,568 shares through the interval. BlackRock Inc. raised its place in shares of Dropbox by 22.7% within the 4th quarter. BlackRock Inc. now owns 12,611,171 shares of the corporate’s inventory valued at $257,646,000 after buying a further 2,332,796 shares within the final quarter. Vanguard Group Inc. raised its place in shares of Dropbox by 51.9% within the third quarter. Vanguard Group Inc. now owns 6,473,087 shares of the corporate’s inventory valued at $173,673,000 after buying a further 2,211,823 shares within the final quarter. Vanguard Group Inc raised its place in shares of Dropbox by 51.9% within the third quarter. Vanguard Group Inc now owns 6,473,087 shares of the corporate’s inventory valued at $173,673,000 after buying a further 2,211,823 shares within the final quarter. Lastly, First Belief Advisors LP raised its place in shares of Dropbox by 19.5% within the 4th quarter. First Belief Advisors LP now owns 3,911,795 shares of the corporate’s inventory valued at $79,918,000 after buying a further 639,476 shares within the final quarter. Hedge funds and different institutional buyers personal 31.95% of the corporate’s inventory.

DBX has been the topic of a number of analyst reviews. William Blair initiated protection on shares of Dropbox in a analysis notice on Tuesday, December 11th. They issued an “outperform” score for the corporate. Zacks Funding Analysis raised shares of Dropbox from a “maintain” score to a “purchase” score and set a $29.00 goal value for the corporate in a analysis notice on Friday, February 22nd. Financial institution of America raised shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 goal value for the corporate in a analysis notice on Friday, February 22nd. Jefferies Monetary Group lower their goal value on shares of Dropbox to $32.00 in a analysis notice on Friday, February 22nd. Lastly, ValuEngine lower Dropbox from a “purchase” score to a “maintain” score in a report on Monday, February 4th. 4 funding analysts have rated the inventory with a maintain score and 13 have issued a purchase score to the inventory. The inventory presently has a consensus score of “Purchase” and a median goal value of $33.43.

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About Dropbox

Dropbox Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to create, entry, and share content material on-line. The corporate was previously referred to as Evenflow, Inc and adjusted its identify to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was based in 2007 and is headquartered in San Francisco, California.

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