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

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 2,500 shares of the 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 sale, the chief financial officer now directly owns 413,764 shares of the company’s stock, valued at approximately $12,570,150.32. The trade was a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 shares were 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 DBX stock traded down $0.48 during trading hours on Thursday, hitting $29.56. 3,291,077 shares of the company were exchanged, compared to its average volume of 3,594,997. The company has a 50 day simple moving average of $28.33 and a two-hundred day simple moving average of $25.35. The firm has a market cap of $9.16 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Dropbox during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in Dropbox during the third quarter valued at $31,000. UMB Bank n.a. grew its holdings in Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after purchasing an additional 1,686 shares during the period. Quarry LP increased its position in Dropbox by 81.1% in the second quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after buying an additional 880 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Dropbox by 133.3% in the third quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock valued at $73,000 after buying an additional 1,650 shares during the period. Institutional investors and hedge funds 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.