Timothy Regan Sells 2,500 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

Dropbox, Inc. (NASDAQ:DBXGet Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.37, for a total value of $75,925.00. Following the completion of the transaction, the chief financial officer now owns 401,264 shares in the company, valued at $12,186,387.68. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $29.65, for a total value of $296,500.00.
  • On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $30.38, for a total value of $75,950.00.
  • On Friday, November 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $27.17, for a total value of $67,925.00.
  • On Tuesday, October 29th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $25.71, for a total value of $64,275.00.

Dropbox Stock Performance

Shares of DBX stock opened at $30.59 on Friday. The stock has a fifty day moving average price of $29.19 and a 200 day moving average price of $26.04. The stock has a market cap of $9.47 billion, a PE ratio of 17.68, a P/E/G ratio of 1.49 and a beta of 0.61. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price target on Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.86.

Check Out Our Latest Research Report on Dropbox

Hedge Funds Weigh In On Dropbox

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Dropbox during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Dropbox during the third quarter worth $31,000. Quarry LP raised its holdings in Dropbox by 81.1% during the second quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after purchasing an additional 880 shares during the last quarter. UMB Bank n.a. raised its holdings in Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,686 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Dropbox by 133.3% during the third quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after purchasing an additional 1,650 shares during the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.

About Dropbox

(Get Free Report)

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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