The fifty-day moving average for the stock sits at $21.46 while its two-hundred day moving average is slightly higher at $22.
In terms of the stock itself, Dropbox started Tuesday at $22.81 with a market capitalization of $7.98 billion and P/E ratio of 14.91 as well as P/E/G ratio at 1.83 and beta coefficient at 0.83 respectively. These products offer a range of services from file storage to document management. This reduction of interest may lead some investors to ponder about the state of the data sharing company and whether or not it is still a viable investment option.ĭropbox, Inc provides users with a platform for collaboration where individuals and teams can work together seamlessly using products such as Dropbox Basic, Dropbox Plus, Dropbox Professional, and Dropbox Business. The company reportedly sold off 4,877 shares, bringing their total holdings in Dropbox down to 38,217 shares worth $846,000. (NASDAQ:DBX) by 11.3% during the year’s fourth quarter. HighTower Advisors LLC, an independent investment advisor, has recently disclosed its decreased holdings in Dropbox, Inc.
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