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 company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.38, for a total transaction of $75,950.00. Following the completion of the sale, the chief financial officer now directly owns 413,764 shares in the company, valued at approximately $12,570,150.32. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value 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 value 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 value of $65,450.00.

Dropbox Stock Performance

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

Hedge Funds Weigh In On Dropbox

Several institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Dropbox in the third quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in Dropbox during the 3rd quarter worth about $31,000. Quarry LP grew its holdings in Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after acquiring an additional 880 shares during the last quarter. UMB Bank n.a. increased its position in Dropbox by 2,479.4% in the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,686 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Dropbox by 133.3% during the third quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after purchasing an additional 1,650 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

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.