Dropbox, Inc. (NASDAQ:DBX – Get Free Report) CFO Timothy Regan sold 2,500 shares of the 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 completion of the transaction, the chief financial officer now owns 466,747 shares of the company’s stock, valued at $12,219,436.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Timothy Regan also recently made the following trade(s):
- 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 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 value of $60,875.00.
Dropbox Price Performance
Shares of DBX stock opened at $26.37 on Friday. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.43. The firm’s 50-day simple moving average is $24.50 and its 200-day simple moving average is $23.41. The firm has a market cap of $8.71 billion, a P/E ratio of 17.46, a PEG ratio of 1.61 and a beta of 0.61.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC purchased a new position in Dropbox in the third quarter valued at approximately $246,000. V Square Quantitative Management LLC acquired a new stake in Dropbox in the third quarter valued at approximately $31,000. Creative Planning grew its position in Dropbox by 97.4% in the third quarter. Creative Planning now owns 66,123 shares of the company’s stock valued at $1,682,000 after acquiring an additional 32,622 shares in the last quarter. Wedge Capital Management L L P NC grew its position in 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 valued at $3,608,000 after acquiring an additional 4,893 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Dropbox in the third quarter valued at approximately $812,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Citigroup cut their target price on shares of Dropbox from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. UBS Group reduced their target price on Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dropbox currently has an average rating of “Hold” and a consensus target price of $28.67.
Get Our Latest Analysis on DBX
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.
Read More
- Five stocks we like better than Dropbox
- What is a Bond Market Holiday? How to Invest and Trade
- Cathie Wood Cuts Robinhood Holdings—Follow Her Lead or Stay Put?
- The How And Why of Investing in Oil Stocks
- Wave Life Sciences Rockets 70% on Historic RNA Editing Success
- Retail Stocks Investing, Explained
- UPS vs. FedEx: Which Stock Delivers Better Holiday Gains?
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.