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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the business’s 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 sale, the chief financial officer now owns 413,764 shares of the company’s stock, valued at $12,570,150.32. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 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 Trading Up 1.5 %

Shares of DBX opened at $30.00 on Friday. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.43. The firm’s 50 day moving average is $28.49 and its 200-day moving average is $25.44. The stock has a market capitalization of $9.29 billion, a PE ratio of 17.34, a P/E/G ratio of 1.68 and a beta of 0.61.

Institutional Investors Weigh In On Dropbox

A number of large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Dropbox during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in Dropbox in the third quarter valued at about $31,000. Quarry LP raised its stake in Dropbox by 81.1% in the second quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after purchasing an additional 880 shares in the last quarter. UMB Bank n.a. lifted its position 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 period. Finally, GAMMA Investing LLC grew its stake 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 buying an additional 1,650 shares in the last quarter. Institutional investors and hedge funds 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.