Dropbox CFO Regan sells $270,021 in company stock

SAN FRANCISCO—Regan Timothy, the Chief Financial Officer of Dropbox, Inc. (NASDAQ:DBX), a cloud storage company with an $8.1 billion market cap and impressive 82.6% gross profit margins, sold 10,000 shares of Class A Common Stock on April 1, 2025. The shares were sold at a weighted average price of $27.0021, totaling $270,021. According to InvestingPro analysis, DBX currently appears undervalued based on its Fair Value assessment. This transaction was conducted under a Rule 10b5-1 trading plan that Timothy adopted on May 15, 2024.

Additionally, Timothy acquired 209,777 restricted stock units (RSUs), with each RSU representing the right to receive one share of Class A Common Stock. These RSUs are set to vest in increments starting on May 15, 2025, and continue quarterly through February 15, 2029. Following these transactions, Timothy holds 567,568 shares, including restricted stock awards and units subject to vesting conditions. The company maintains a strong financial health score of "GREAT" according to InvestingPro’s comprehensive analysis.

In other recent news, Dropbox reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share at $0.73, surpassing the anticipated $0.62. The company’s revenue for the quarter was $643.6 million, slightly above the projected $639.05 million, marking a 1.4% year-over-year increase. Dropbox’s total annual recurring revenue grew by 2.0% to $2.574 billion, while the number of paying users rose to 18.22 million from 18.12 million the previous year. In a strategic move, Dropbox has completed its reincorporation from Delaware to Nevada, a change that does not affect its business operations but alters the jurisdiction governing its corporate affairs. Additionally, the company announced the departure of its Chief Legal Officer, Bart Volkmer, with William Yoon set to succeed him. In analyst news, Citi’s Steven Enders adjusted Dropbox’s stock price target from $31 to $30, maintaining a Neutral rating. Enders noted a slight revenue beat but expressed concerns about a decline in annual recurring revenue and user numbers. Dropbox’s initial revenue guidance for the coming year anticipates a 3% year-over-year decline, influenced by reduced investment in non-core services and foreign exchange headwinds.

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