Insider Selling: Dropbox, Inc. (NASDAQ:DBX) CEO Sells 137,499 Shares of Stock

Dropbox, Inc. (NASDAQ:DBX) CEO Andrew Houston sold 137,499 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $30.05, for a total value of $4,131,844.95. Following the completion of the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Andrew Houston also recently made the following trade(s):

• On Monday, December 2nd, Andrew Houston sold 132,000 shares of Dropbox stock. The shares were sold at an average price of $28.12, for a total value of $3,711,840.00.
• On Tuesday, October 1st, Andrew Houston sold 351,306 shares of Dropbox stock. The shares were sold at an average price of $25.12, for a total value of $8,824,806.72.
• On Thursday, September 26th, Andrew Houston sold 28,012 shares of Dropbox stock. The shares were sold at an average price of $25.01, for a total value of $700,580.12.
• On Tuesday, September 24th, Andrew Houston sold 66,064 shares of Dropbox stock. The shares were sold at an average price of $25.00, for a total value of $1,651,600.00.
• On Thursday, September 19th, Andrew Houston sold 3,493 shares of Dropbox stock. The shares were sold at an average price of $25.00, for a total value of $87,325.00.

Dropbox Stock Performance

NASDAQ:DBX opened at $29.77 on Monday. The stock’s 50-day simple moving average is $27.22 and its 200 day simple moving average is $24.59. The company has a market cap of $9.22 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.43.

Institutional Trading of Dropbox

A number of hedge funds and other institutional investors have recently modified their holdings of DBX. Capital Performance Advisors LLP acquired a new stake in shares of Dropbox in the third quarter valued at about $28,000. Fifth Third Bancorp increased its position in shares of Dropbox by 548.8% in the second quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock valued at $31,000 after acquiring an additional 1,169 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Dropbox during the third quarter worth approximately $31,000. Quarry LP increased its position in Dropbox by 81.1% during 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, UMB Bank n.a. increased its position in Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after buying an additional 1,686 shares during the last quarter. 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.