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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.38, for a total value of $75,950.00. Following the completion of the transaction, the chief financial officer now owns 413,764 shares in the company, valued at approximately $12,570,150.32. This represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $67,925.00.
• 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 shares were sold at an average price of $26.18, for a total transaction of $65,450.00.

Dropbox Stock Performance

Shares of Dropbox stock opened at $30.00 on Friday. The firm has a fifty day moving average of $28.49 and a two-hundred day moving average of $25.44. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43.

Institutional Investors Weigh In On Dropbox

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in Dropbox by 0.4% in the third quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company’s stock worth $2,267,000 after purchasing an additional 383 shares during the period. Quarry LP increased its position in shares of Dropbox by 23.4% in the 3rd quarter. Quarry LP now owns 2,424 shares of the company’s stock valued at $62,000 after buying an additional 459 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Dropbox by 13.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,956 shares of the company’s stock worth $202,000 after buying an additional 926 shares during the period. Covestor Ltd lifted its holdings in Dropbox by 34.3% during the third quarter. Covestor Ltd now owns 4,043 shares of the company’s stock worth $102,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Dropbox in the third quarter valued at about $28,000. Institutional investors own 94.84% of the company’s stock.

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.