Dropbox Inc. (DBX): Keep paying attention to its insider activity

Dropbox Inc. (NASDAQ:DBX) saw a downside of -0.11% to close Monday at $28.48 after subtracting -$0.03 on the day. The 5-day average trading volume is 2,678,240 shares of the company’s common stock. It has gained $29.23 in the past week. An average of 2,850,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,443,744.

DBX’s 1-month performance is -9.67% or -$3.05 on its low of $27.69 reached on 10/06/21. The company’s shares have touched a 52-week low of $17.66 and high of $33.00, with the stock’s rally to the 52-week high happening on 08/06/21. YTD, DBX has achieved 28.35% or $6.29. However, the current price is down -13.70%% from the 52-week high price.


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Insider Transactions

On Sep 27, 15 days have gone by since the last insider trading activity for Dropbox Inc. (DBX). Regan Timothy (Chief Financial Officer) most recently sold 1,601 shares at $31.35 per share on Sep 27. This transaction cost the insider $50,191. Chief Financial Officer, Regan Timothy, sold 899 shares at a price of $31.14 on Sep 24. Then, on Sep 24, President Young Timothy H. sold 9,624 shares at a price of $31.41 per share. This transaction amounted to $302,304.

Valuation Metrics

Dropbox Inc. (DBX) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector. The company’s PE ratio for the last five years has touched a high of 332.43 and a low of 94.58. DBX stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.67 while the price to cash flow ratio at 17.20.

Dropbox Inc.’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80 meaning that DBX stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 79.10%. The trailing 12-month EBITDA margin is 14.65% while for the period ending June 29; Dropbox Inc.’s operating margin was -9.30%. The firm’s gross profit as reported stood at $1.5 billion against revenue of $1.91 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Dropbox Inc.’s cash and short-term investments amounted to $1.06 billion against total debt of $2.47 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DBX to announce $0.33 per share in earnings in its latest quarter, but it posted $0.4, representing a 21.20% surprise. EBITDA for the quarter stood at more than $129.9 million. DBX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.42 billion, with total debt at $2.47 billion. Shareholders hold equity totaling $398.47 million

Technical Picture

Let’s look briefly at Dropbox Inc. (DBX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 36.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.81%.

The stock’s 5-day moving average is $28.46, reflecting a +2.30% or $0.64 change from its current price. DBX is currently trading -8.83% above its 20-day SMA, +7.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.56% and +15.73% respectively.

Stochastic %K and %D was 24.87% and 22.23% and the average true range (ATR) pointed at 0.78. The RSI (14) points at 37.60%, while the 14-day stochastic is at 20.47% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.78 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for DBX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DBX as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is DBX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $29.00 and a high of $40.00, with their median price target at $38.50. Looking at these predictions, the average price target given by analysts is for Dropbox Inc. (DBX) stock is $37.33.

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