Dropbox, Inc. (NASDAQ:DBX - Get Free Report) CEO Andrew Houston sold 137,499 shares of Dropbox stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $30.05, for a total transaction of $4,131,844.95. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at $248,413,313.30. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Andrew Houston also recently made the following trade(s):
NASDAQ:DBX traded down $0.68 during trading hours on Friday, hitting $29.77. 3,832,441 shares of the company traded hands, compared to its average volume of 3,607,221. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.68 and a beta of 0.63. The firm has a 50-day moving average of $27.13 and a 200 day moving average of $24.52. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.43.
Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in Dropbox by 5.2% in the second quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company's stock worth $231,761,000 after purchasing an additional 506,200 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Dropbox by 4.5% in the 3rd quarter. Pacer Advisors Inc. now owns 7,788,652 shares of the company's stock valued at $198,065,000 after purchasing an additional 333,245 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Dropbox by 6.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company's stock worth $158,670,000 after buying an additional 365,893 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dropbox by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company's stock worth $111,368,000 after buying an additional 25,893 shares during the period. Finally, LSV Asset Management boosted its stake in Dropbox by 9.2% in the 2nd quarter. LSV Asset Management now owns 3,742,292 shares of the company's stock valued at $84,089,000 after buying an additional 314,862 shares in the last quarter. Institutional investors own 94.84% of the company's stock.
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.
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