Mon Sep 23 22:46:43 UTC 2024: ## Dropbox CFO Sells Shares, Stock Trades Mixed

**San Francisco, CA – September 23, 2024** – Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan sold 3,177 shares of the company’s stock on Thursday, September 19th, at an average price of $25.00. Following the sale, Regan owns 481,747 shares of Dropbox, valued at $12,043,675.

This transaction comes as Dropbox shares traded up $0.09 to $24.79 during midday trading on Monday. The company’s trading volume was 1,836,072 shares, compared to its average volume of 3,899,531.

Analysts remain mixed on Dropbox’s prospects. Citigroup downgraded their price target to $25.00 from $26.00 and set a “neutral” rating, while UBS Group lowered their price target to $28.00 from $30.00 but maintained a “buy” rating. Overall, MarketBeat.com reports an average “Hold” rating with an average price target of $28.67.

Dropbox’s stock performance this year has been volatile, with a 1-year low of $20.68 and a 1-year high of $33.43. The company’s market cap stands at $8.19 billion.

Meanwhile, several institutional investors have adjusted their holdings in Dropbox during recent quarters. Notable changes include Principal Securities Inc. purchasing a new stake, Sound Income Strategies LLC acquiring a new position, and GAMMA Investing LLC increasing their holdings.

Dropbox provides a cloud-based content collaboration platform for individuals, teams, and organizations worldwide. Users can sign up for free or upgrade to a paid subscription for premium features. The company serves a broad range of industries including professional services, technology, media, education, and financial services.

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