Dropbox, Inc. (NASDAQ:DBX) CFO Sells $75,950.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Monday, December 30th. The shares were sold at an average price of $30.38, for a total value of $75,950.00. Following the completion of the transaction, the chief financial officer now owns 413,764 shares in the company, valued at approximately $12,570,150.32. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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.
• 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 transaction of $65,450.00.

Dropbox Trading Up 1.5 %

Shares of Dropbox stock opened at $30.00 on Friday. The firm has a market capitalization of $9.29 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The firm’s 50 day moving average is $28.49 and its 200 day moving average is $25.44. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43.

Institutional Trading of Dropbox

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in shares of Dropbox by 7.5% during the 2nd quarter. Raymond James & Associates now owns 88,448 shares of the company’s stock valued at $1,987,000 after acquiring an additional 6,165 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Dropbox during the second quarter worth about $215,000. Pzena Investment Management LLC acquired a new position in shares of Dropbox in the second quarter valued at approximately $432,000. TD Asset Management Inc raised its holdings in Dropbox by 17.9% in the 2nd quarter. TD Asset Management Inc now owns 25,500 shares of the company’s stock valued at $573,000 after buying an additional 3,866 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dropbox by 30.8% during the 2nd quarter. Victory Capital Management Inc. now owns 729,281 shares of the company’s stock worth $16,387,000 after buying an additional 171,917 shares during the period. Institutional investors own 94.84% of the company’s stock.

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.