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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.19, for a total transaction of $80,475.00. Following the completion of the sale, the chief financial officer now owns 396,264 shares in the company, valued at $12,755,738.16. The trade was a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value 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 value 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 value of $296,500.00.
• On Monday, December 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were 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 shares were sold at an average price of $27.17, for a total transaction of $67,925.00.

Dropbox Stock Down 0.4 %

Shares of DBX stock opened at $31.85 on Wednesday. The stock has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $27.08. The stock has a market capitalization of $9.86 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.64 and a beta of 0.61. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.33.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their price target on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Dropbox presently has an average rating of “Hold” and an average price target of $27.50.

Hedge Funds Weigh In On Dropbox

Several large investors have recently made changes to their positions in DBX. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 1,650 shares during the period. CWM LLC raised its holdings in Dropbox by 39.3% during the 3rd quarter. CWM LLC now owns 68,576 shares of the company’s stock worth $1,744,000 after buying an additional 19,353 shares during the period. UMB Bank n.a. lifted its stake in Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after buying an additional 1,686 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Dropbox in the third quarter worth about $812,000. Finally, Wedge Capital Management L L P NC increased its position in shares of Dropbox by 3.6% in the third quarter. Wedge Capital Management L L P NC now owns 141,878 shares of the company’s stock worth $3,608,000 after acquiring an additional 4,893 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

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.