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

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00. Following the completion of the transaction, the chief financial officer now owns 413,764 shares in the company, valued at $12,570,150.32. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a document filed 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 Stock Down 1.6 %

NASDAQ:DBX traded down $0.48 during trading hours on Thursday, hitting $29.56. 3,291,365 shares of the company traded hands, compared to its average volume of 3,594,997. The company has a market cap of $9.16 billion, a PE ratio of 17.09, a PEG ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.43. The firm's 50-day simple moving average is $28.41 and its 200-day simple moving average is $25.38.

Institutional Trading of Dropbox

A number of hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in Dropbox by 0.4% during the third quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company's stock valued at $2,267,000 after purchasing an additional 383 shares during the last quarter. Quarry LP lifted its position in shares of Dropbox by 23.4% during the third quarter. Quarry LP now owns 2,424 shares of the company's stock worth $62,000 after acquiring an additional 459 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Dropbox by 13.2% in the third quarter. Harbor Capital Advisors Inc. now owns 7,956 shares of the company's stock worth $202,000 after acquiring an additional 926 shares during the period. Covestor Ltd grew its position in shares of Dropbox by 34.3% in the third quarter. Covestor Ltd now owns 4,043 shares of the company's stock valued at $102,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Dropbox during the third quarter valued at about $28,000. 94.84% of the stock is currently owned by institutional investors.

About Dropbox

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.