Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan Sells 10,000 Shares

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $29.65, for a total value of $296,500.00. Following the completion of the transaction, the chief financial officer now owns 403,764 shares of the company’s stock, valued at $11,971,602.60. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $67,925.00.
• 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 shares were sold at an average price of $26.18, for a total transaction of $65,450.00.

Dropbox Stock Down 1.6 %

Shares of DBX stock opened at $29.58 on Wednesday. The firm has a 50 day moving average of $28.59 and a two-hundred day moving average of $25.57. The stock has a market capitalization of $9.16 billion, a PE ratio of 17.10, a P/E/G ratio of 1.68 and a beta of 0.61. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in Dropbox in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Dropbox during the third quarter worth approximately $31,000. UMB Bank n.a. raised its holdings in Dropbox by 2,479.4% in the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,686 shares in the last quarter. Quarry LP lifted its stake in Dropbox by 81.1% in the second quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after acquiring an additional 880 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Dropbox by 133.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after acquiring an additional 1,650 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their target price on Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Dropbox presently has an average rating of “Hold” and an average target price of $28.86.

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.