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Regan Timothy, the Chief Financial Officer of Dropbox, Inc. (NASDAQ:DBX), recently sold 2,500 shares of the company’s Class A Common Stock. The sale, which took place on April 30, 2025, was executed at a weighted average price of $28.29 per share, totaling approximately $70,731. The cloud storage company, currently valued at $8.27 billion, maintains impressive gross profit margins of 83% and has received a "GREAT" financial health rating from InvestingPro’s comprehensive analysis.
This transaction was carried out under a Rule 10b5-1 trading plan that Timothy adopted on May 15, 2024. Following this sale, Timothy retains ownership of 562,568 shares, including restricted stock awards and units that are subject to vesting conditions through February 2029. According to InvestingPro analysis, while management has been actively buying back shares, investors should note that the company is currently trading below its Fair Value, with the next earnings report scheduled for May 8, 2025. For deeper insights into Dropbox’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Dropbox reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.73, surpassing the consensus of $0.62. Revenue for the quarter was $643.6 million, slightly above the projected $639.05 million, marking a 1.4% year-over-year increase. The company also announced a new $1.2 billion share repurchase program, reflecting confidence in its financial position. In another development, Dropbox completed its reincorporation from Delaware to Nevada, a strategic move to optimize its corporate structure. This change does not affect its operations or management but alters the jurisdiction governing its corporate affairs.
Dropbox also announced a leadership change with the departure of Chief Legal Officer Bart Volkmer, who will be succeeded by William Yoon. Yoon, who has been with Dropbox since 2013, brings extensive experience in legal domains. Additionally, Eric Cox, the Chief Customer Officer, will be stepping down, continuing as a non-executive employee until mid-August 2025. Lastly, Citi analyst Steven Enders reduced Dropbox’s stock price target to $30, maintaining a Neutral rating, citing challenges in the company’s core business despite a slight revenue beat.
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