Dropbox, Inc. (NASDAQ:DBX) CFO Sells $80,475.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the transaction, the chief financial officer now directly owns 396,264 shares of the company’s stock, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.17, for a total transaction of $80,425.00.
• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.37, for a total transaction of $75,925.00.
• On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The stock was sold at an average price of $29.65, for a total transaction 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 transaction 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 transaction of $67,925.00.

Dropbox Trading Down 0.4 %

NASDAQ:DBX traded down $0.13 during mid-day trading on Tuesday, hitting $31.85. The stock had a trading volume of 2,025,440 shares, compared to its average volume of 2,731,365. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.64 and a beta of 0.61. The company has a 50 day simple moving average of $30.53 and a 200-day simple moving average of $27.08. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.33.

Institutional Trading of Dropbox

Several hedge funds have recently bought and sold shares of DBX. EverSource Wealth Advisors LLC lifted its position in Dropbox by 96.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $26,000 after purchasing an additional 424 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Dropbox in the 3rd quarter valued at about $28,000. Avion Wealth lifted its position in Dropbox by 4,472.7% in the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock valued at $30,000 after purchasing an additional 984 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Dropbox during the 3rd quarter worth about $31,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dropbox during the 4th quarter worth about $40,000. 94.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their price target on shares of Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Dropbox presently has an average rating of “Hold” and a consensus price target of $27.50.

About Dropbox

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.