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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.19, for a total value of $80,475.00. Following the completion of the transaction, the chief financial officer now owns 396,264 shares of the company’s stock, valued at $12,755,738.16. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 30th, Timothy Regan sold 2,500 shares of Dropbox stock. The shares were 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 stock was 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 shares were 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 shares were sold at an average price of $27.17, for a total value of $67,925.00.

Dropbox Trading Up 0.2 %

Shares of Dropbox stock opened at $31.90 on Thursday. The business has a 50-day moving average price of $30.59 and a two-hundred day moving average price of $27.13. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33. The company has a market cap of $9.88 billion, a P/E ratio of 18.44, a PEG ratio of 1.64 and a beta of 0.61.

Institutional Investors Weigh In On Dropbox

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Dropbox by 96.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $26,000 after buying an additional 424 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Dropbox in the 3rd quarter valued at $28,000. Avion Wealth lifted its position in shares of Dropbox by 4,472.7% during the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock valued at $30,000 after acquiring an additional 984 shares during the period. V Square Quantitative Management LLC bought a new position in Dropbox during the third quarter worth $31,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Dropbox in the fourth quarter worth $40,000. Institutional investors own 94.84% of the company’s stock.

Analyst Upgrades and Downgrades

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