Dropbox, Inc. (NASDAQ:DBX – Get Free Report) CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.18, for a total transaction of $65,450.00. Following the transaction, the chief financial officer now directly owns 466,747 shares of the company’s stock, valued at approximately $12,219,436.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Timothy Regan also recently made the following trade(s):
- On Thursday, September 19th, Timothy Regan sold 3,177 shares of Dropbox stock. The shares were 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 stock was 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 0.4 %
Shares of NASDAQ DBX opened at $26.47 on Friday. The stock has a fifty day moving average price of $24.58 and a 200 day moving average price of $23.42. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.43. The company has a market cap of $8.74 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.61 and a beta of 0.61.
Analyst Ratings Changes
DBX has been the topic of a number of research analyst reports. UBS Group reduced their target price on Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Citigroup decreased their target price on Dropbox from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dropbox presently has an average rating of “Hold” and a consensus price target of $28.67.
Read Our Latest Analysis on Dropbox
Institutional Trading of Dropbox
A number of hedge funds have recently made changes to their positions in DBX. Vanguard Group Inc. grew its holdings in Dropbox by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 27,379,532 shares of the company’s stock valued at $665,323,000 after purchasing an additional 105,250 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Dropbox by 5.2% during the second quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock valued at $231,761,000 after acquiring an additional 506,200 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Dropbox by 63.0% during the second quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock worth $167,523,000 after acquiring an additional 2,881,981 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Dropbox by 0.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,670,151 shares of the company’s stock worth $113,485,000 after acquiring an additional 32,600 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Dropbox by 9.2% in the second quarter. LSV Asset Management now owns 3,742,292 shares of the company’s stock worth $84,089,000 after acquiring an additional 314,862 shares in the last quarter. Hedge funds and other 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.
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