Insider Selling: Dropbox Inc (NASDAQ:DBX) Insider Sells 1,000 Shares of Stock
Dropbox Inc (NASDAQ:DBX) insider Timothy Regan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $24.00, for a total value of $24,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Timothy Regan also recently made the following trade(s):
- On Monday, April 22nd, Timothy Regan sold 1,000 shares of Dropbox stock. The shares were sold at an average price of $22.95, for a total value of $22,950.00.
- On Wednesday, April 17th, Timothy Regan sold 1,000 shares of Dropbox stock. The stock was sold at an average price of $21.91, for a total value of $21,910.00.
DBX stock opened at $25.01 on Monday. Dropbox Inc has a fifty-two week low of $18.50 and a fifty-two week high of $37.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The company has a market cap of $11.74 billion, a price-to-earnings ratio of -19.09 and a beta of 1.31.
Separately, Zacks Investment Research downgraded Dropbox from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Dropbox has an average rating of “Buy” and an average target price of $31.71.
Hedge funds have recently bought and sold shares of the business. Deltec Asset Management LLC purchased a new position in shares of Dropbox during the 1st quarter worth approximately $1,373,000. Marathon Trading Investment Management LLC grew its holdings in shares of Dropbox by 6.4% during the 4th quarter. Marathon Trading Investment Management LLC now owns 12,020 shares of the company’s stock worth $246,000 after acquiring an additional 720 shares during the period. First Trust Advisors LP grew its holdings in shares of Dropbox by 19.5% during the 4th quarter. First Trust Advisors LP now owns 3,911,795 shares of the company’s stock worth $79,918,000 after acquiring an additional 639,476 shares during the period. Tibra Equities Europe Ltd grew its holdings in shares of Dropbox by 260.8% during the 1st quarter. Tibra Equities Europe Ltd now owns 97,051 shares of the company’s stock worth $2,116,000 after acquiring an additional 70,151 shares during the period. Finally, Norges Bank purchased a new position in shares of Dropbox during the 4th quarter worth approximately $20,495,000. Hedge funds and other institutional investors own 28.71% of the company’s stock.
Dropbox Company Profile
Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.
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