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Andrew Houston sells 162,500 Dropbox, Inc. (NASDAQ:DBX) shares.

Andrew Houston sells 162,500 Dropbox, Inc. (NASDAQ:DBX) shares.

On January 5, Andrew Houston, Chief Executive Officer of Dropbox, Inc. (NASDAQ: DBX), sold 162,500 shares. A total of $3,597,750.00 was received for the sale of the shares, which works out to an average price of $22.14 per share. Following the transaction, the CEO will have a total of 8,781,892 shares. At the moment, each share is worth approximately $194,431,088.88. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction.
Recently, Andrew Houston completed the transaction(s) that are detailed in the following table:
During the Monday trading session, DBX shares increased by $0.18, bringing the price to $22.35. There were 2,860,851 shares bought and sold, which is significantly higher than the typical volume of the company, which is 2,618,650 shares. The share price of Dropbox, Inc., has reached a 52-week low of $19.07 and a 52-week high of $25.81 over the past year. The stock price has moved to an average of $22.18 over the past two hundred days, and it has moved to an average of $22.40 over the last fifty days. The company is currently valued at $8.11 billion based on several metrics, including its price-to-earnings ratio of 23.84, its price-to-earnings-to-growth ratio of 3.12, and its beta of 0.81. All of these metrics contribute to the company’s valuation.
In recent times, the topic of DBX has been the focus of several different research publications. Goldman Sachs Group lowered its target price for Dropbox shares from $25.00 to $22.00 and rated the stock as a “sell” in a research note published on Monday, November 7. The research note was about Dropbox. Before this adjustment, the price target was set at $25.00. The announcement that KeyCorp would begin covering Dropbox shares was made public in a research note that the company issued on September 12. They have assigned the stock the rating of “overweight” and have determined that the stock should reach a price of $30.00 before they sell it. In a research note published on Thursday, Jefferies Financial Group lowered their price objective for Dropbox from $28.00 to $25.00 and changed their rating for the stock from “buy” to “hold.” Both of these actions were taken in response to recent market events. Credit Suisse Group published a research note on November 21, marking the day it began covering Dropbox shares. This was the last but not least item on the agenda. They gave the stock an “underperform” rating and established a price target


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