NewsMV
In focus for $DBX: Dropbox, Inc.
(NASDAQ: DBX) chief financial officer Ross Tennenbaum disposed of 20,326 shares of Class A Common Stock on August 17 at a weighted average price of $34.42, generating $699,621, per an SEC Form 4 filing.
The sale came days after Tennenbaum lifted the company's full-year outlook on the latest earnings call, and the filing categorizes it as a non-discretionary transaction executed for tax purposes.
The next confirmable event is third-quarter results, where Dropbox has set revenue guidance of $627 million to $630 million. The remaining stake Tennenbaum retains 759,279 shares held directly.
Keep reading