The disclosure for this sale can be found here. Following the completion of the transaction, the chief executive officer now owns 8,781,892 shares in the company, valued at approximately $198,997,672.72. The stock was sold at an average price of $22.66, for a total value of $3,682,250.00. Also, CEO Andrew Houston sold 162,500 shares of the business’s stock in a transaction dated Monday, December 5th. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Following the transaction, the chief financial officer now owns 466,230 shares in the company, valued at $10,639,368.60. The stock was sold at an average price of $22.82, for a total transaction of $54,060.58. In other Dropbox news, CFO Timothy Regan sold 2,369 shares of the business’s stock in a transaction dated Wednesday, January 25th. Following the transaction, the chief executive officer now owns 8,781,892 shares in the company, valued at $198,997,672.72. The stock was sold at an average price of $22.66, for a total transaction of $3,682,250.00. In other Dropbox news, CEO Andrew Houston sold 162,500 shares of the business’s stock in a transaction dated Monday, December 5th. According to data from, the company currently has a consensus rating of “Hold” and a consensus price target of $26.57. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Finally, Jefferies Financial Group downgraded Dropbox from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 5th. The Goldman Sachs Group lowered their price target on Dropbox from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Monday, November 7th. They issued an “underperform” rating and a $20.00 price objective for the company. Credit Suisse Group began coverage on Dropbox in a research report on Monday, November 21st. Citigroup’s target price would suggest a potential upside of 17.81% from the company’s current price.Ī number of other brokerages also recently commented on DBX. Dropbox ( NASDAQ:DBX – Get Rating) had its price objective upped by investment analysts at Citigroup from $24.00 to $25.00 in a research report issued on Friday, The Fly reports.
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