Dropbox, Inc. (NASDAQ:DBX – Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $28.40, for a total value of $71,000.00. Following the transaction, the chief financial officer owned 526,094 shares of the company’s stock, valued at $14,941,069.60. This represents a 0.47% 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 Tuesday, July 1st, Timothy Regan sold 10,000 shares of Dropbox stock. The shares were sold at an average price of $27.94, for a total transaction of $279,400.00.
- On Friday, June 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.10, for a total transaction of $70,250.00.
- On Friday, May 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $28.78, for a total transaction of $71,950.00.
- On Thursday, May 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $29.53, for a total value of $73,825.00.
- On Wednesday, April 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $28.29, for a total transaction of $70,725.00.
- On Tuesday, April 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $26.94, for a total transaction of $67,350.00.
Dropbox Stock Performance
DBX opened at $27.95 on Friday. Dropbox, Inc. has a 52-week low of $21.32 and a 52-week high of $33.33. The firm has a market cap of $7.87 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 10.84 and a beta of 0.65. The business’s fifty day moving average is $28.76 and its 200-day moving average is $28.80.
Wall Street Analyst Weigh In
DBX has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. UBS Group lifted their price target on shares of Dropbox from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 9th.
Read Our Latest Analysis on DBX
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Dropbox by 1.9% during the 1st quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock worth $228,202,000 after buying an additional 157,148 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Dropbox by 18.4% in the first quarter. LSV Asset Management now owns 7,633,516 shares of the company’s stock worth $203,891,000 after acquiring an additional 1,187,395 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dropbox by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company’s stock worth $156,955,000 after acquiring an additional 1,440,887 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Dropbox by 3.0% in the 4th quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company’s stock valued at $99,842,000 after purchasing an additional 97,551 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Dropbox by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,950,273 shares of the company’s stock valued at $78,802,000 after purchasing an additional 36,268 shares during the last quarter. 94.84% of the stock is owned by institutional investors.
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.
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