Dropbox, Inc. (NASDAQ:DBX) CFO Sells $67,925.00 in Stock

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $27.17, for a total transaction of $67,925.00. Following the completion of the sale, the chief financial officer now directly owns 436,264 shares in the company, valued at approximately $11,853,292.88. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Timothy Regan also recently made the following trade(s):

• 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 stock was sold at an average price of $26.18, for a total transaction of $65,450.00.
• On Thursday, September 19th, Timothy Regan sold 3,177 shares of Dropbox stock. The stock was sold at an average price of $25.00, for a total transaction of $79,425.00.
• On Monday, September 16th, Timothy Regan sold 400 shares of Dropbox stock. The shares were sold at an average price of $25.00, for a total transaction of $10,000.00.
• On Friday, September 13th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were sold at an average price of $24.35, for a total transaction of $60,875.00.

Dropbox Trading Up 2.8 %

NASDAQ:DBX opened at $27.64 on Friday. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.43. The company has a 50-day moving average of $25.94 and a 200-day moving average of $23.96. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61.

Hedge Funds Weigh In On Dropbox

Several large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Dropbox by 3.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 245,177 shares of the company’s stock valued at $5,958,000 after buying an additional 8,672 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Dropbox during the 1st quarter worth about $596,000. Vanguard Group Inc. raised its stake in shares of Dropbox by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 27,379,532 shares of the company’s stock worth $665,323,000 after purchasing an additional 105,250 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Dropbox by 94.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,700 shares of the company’s stock worth $90,000 after purchasing an additional 1,800 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Dropbox by 10.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 435,928 shares of the company’s stock worth $10,591,000 after purchasing an additional 41,680 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group decreased their target price on shares of Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dropbox presently has an average rating of “Hold” and a consensus price target of $28.67.

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.