Insider Selling: Dropbox, Inc. (NASDAQ:DBX) CFO Sells 2,500 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the transaction, the chief financial officer now directly owns 396,264 shares of the company's stock, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their ownership of the stock. The transaction 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 Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $32.17, for a total transaction of $80,425.00.
• On Wednesday, January 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $30.37, for a total transaction of $75,925.00.
• On Thursday, January 2nd, Timothy Regan sold 10,000 shares of Dropbox stock. The stock was sold at an average price of $29.65, for a total transaction of $296,500.00.
• On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00.
• On Friday, November 15th, Timothy Regan sold 2,500 shares of Dropbox stock. The stock was sold at an average price of $27.17, for a total transaction of $67,925.00.

Dropbox Trading Up 0.9 %

Shares of DBX stock traded up $0.29 during trading hours on Friday, hitting $32.78. The company's stock had a trading volume of 2,410,565 shares, compared to its average volume of 2,490,581. The company has a 50 day moving average of $30.80 and a 200 day moving average of $27.28. The stock has a market cap of $10.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33.

Institutional Trading of Dropbox

Several large investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its holdings in Dropbox by 10.6% during the third quarter. QRG Capital Management Inc. now owns 221,716 shares of the company's stock worth $5,638,000 after buying an additional 21,190 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Dropbox during the third quarter worth $482,000. Retirement Systems of Alabama boosted its holdings in Dropbox by 15.2% during the third quarter. Retirement Systems of Alabama now owns 944,033 shares of the company's stock worth $24,007,000 after buying an additional 124,528 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Dropbox by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company's stock worth $71,108,000 after buying an additional 228,685 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Dropbox by 6.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,762 shares of the company's stock worth $59,907,000 after buying an additional 134,503 shares in the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.50.

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.