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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $27.17, for a total value of $67,925.00. Following the sale, the chief financial officer now directly owns 436,264 shares in the company, valued at $11,853,292.88. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, October 29th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $25.71, for a total transaction of $64,275.00.
• On Tuesday, October 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $26.18, for a total value of $65,450.00.
• On Thursday, September 19th, Timothy Regan sold 3,177 shares of Dropbox stock. The shares were sold at an average price of $25.00, for a total value of $79,425.00.
• On Monday, September 16th, Timothy Regan sold 400 shares of Dropbox stock. The stock was sold at an average price of $25.00, for a total transaction of $10,000.00.
• On Friday, September 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $24.35, for a total value of $60,875.00.

Dropbox Trading Up 1.1 %

Shares of DBX stock traded up $0.29 on Tuesday, hitting $26.67. The stock had a trading volume of 3,200,412 shares, compared to its average volume of 3,684,218. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.43. The firm has a market cap of $8.26 billion, a P/E ratio of 15.40, a PEG ratio of 1.72 and a beta of 0.61. The company has a fifty day moving average price of $25.82 and a two-hundred day moving average price of $23.91.

Wall Street Analyst Weigh In

Separately, UBS Group cut their price target on Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.67.

Hedge Funds Weigh In On Dropbox

A number of institutional investors have recently added to or reduced their stakes in DBX. Vanguard Group Inc. raised its position in shares of Dropbox by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,379,532 shares of the company’s stock valued at $665,323,000 after purchasing an additional 105,250 shares during the period. QRG Capital Management Inc. boosted its position in shares of Dropbox by 10.6% during the 3rd quarter. QRG Capital Management Inc. now owns 221,716 shares of the company’s stock worth $5,638,000 after acquiring an additional 21,190 shares in the last quarter. Lakewood Asset Management LLC bought a new position in shares of Dropbox in the 2nd quarter valued at $797,000. Aigen Investment Management LP acquired a new position in Dropbox during the third quarter worth about $482,000. Finally, Janus Henderson Group PLC lifted its stake in Dropbox by 16.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,619,231 shares of the company’s stock valued at $39,340,000 after purchasing an additional 228,316 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Dropbox Company Profile

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.