The Insider Activity Report For Dropbox Inc. (DBX): Who’s Selling?

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Dropbox Inc. (NASDAQ:DBX) finished Wednesday with a subtraction of -$0.24 to close at $21.97, a downside of -1.08 percent. An average of 1,613,520 shares of common stock have been traded in the last five days. There was a fall of -$0.42 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 2,765,255 shares traded, while the 50-day average volume stands at 2,730,192.

DBX stock has decreased by -1.08% in the last month. The company shares reached their 1-month lowest point of $21.96 on 12/28/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $19.07 and a high of $25.81 in 52 weeks. It has reached a new high 6 times so far this year and lost -10.47% or -$2.57 in price. In spite of this, the price is down -14.86% from the 52-week high.


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Insider Transactions

DBX stock investors should be aware that Dropbox Inc. (DBX) stock had its last reported insider trading activity 6 days ago on Dec 23. In this transaction, the insider spent $335,788. Chief Legal Officer, Volkmer Bart, disposed of 10,264 shares at a price of $22.79 on Dec 12. The insider now owns more than $233,942 worth of shares. Prior to that, Chief Executive Officer Houston Andrew went on to Sale 162,500 shares at $22.66 each on Dec 05. An amount of $3,682,088 was transacted.

Valuation Metrics

Dropbox Inc. (DBX) has a trailing price-to-earnings (P/E) ratio of 19.85. The stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.47, and the price-to-cash flow ratio at 10.69.

Financial Health

The quick ratio of Dropbox Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $1.71 billion compared to revenue of $2.16 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Dropbox Inc.’s return on assets was 12.30%.

Earnings Surprise

For the three-month period that ended June 29, Dropbox Inc. had $1.08 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $83.2 million in the quarter, while revenues were grew 9.13%. The analyst consensus anticipated Dropbox Inc.’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.38, a 2.70% surprise. For the quarter, EBITDA amounted to $139.4 million. Shareholders own equity worth $362.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Dropbox Inc. (DBX) price momentum. RSI 9-day as of the close on 28 December was 38.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.69%.

As of today, DBX’s price is $22.39 -1.88% or -$0.42 from its 5-day moving average. DBX is currently trading -2.53% lower than its 20-day SMA and -6.71% lower than its 100-day SMA. However, the stock’s current price level is +5.73% above the SMA50 and +7.22% above the SMA200.

The stochastic %K and %D were 12.78% and 19.57%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 0.51% and the average true range at 0.61, the RSI (14) stands at 43.74%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.

Analyst Ratings

Credit Suisse launched coverage on Dropbox Inc. (NASDAQ: DBX) in its analyst report released on November 22, 2022. The firm assigned the stock an Underperform rating. The consensus rating for Dropbox Inc. (DBX) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell DBX, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $20.00 and $34.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Dropbox Inc. (DBX) stock is $27.45.

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