Insider at Dropbox (DBX) Makes Significant purchase of Stock Reverses Sale Trend of Last Quarter

 ยท 2021-03-12 17:30

10:20 PM EST, 03/12/2021 (MT Newswires) -- There was a significant insider buying activity in Dropbox shares today as revealed in a filing with the SEC. One insider -- Robert J Mylod Jr, Director -- purchased 100,000 shares in the company having a net market value of approximately $2,458,670. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 31,544 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 68,456 shares and have averaged 43,848 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Dropbox is greater than the 37-company peer group average. Application Software peer group saw 86 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Dropbox insiders was also higher. Within the peer group there were 33 shares purchased and 866,058 shares sold with company insiders having sold 10,070 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in composing and writing this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.