The stock of Dropbox Inc (NASDAQ:DBX) last traded at $23.17, up 1.27% from the previous session.
DBX stock price is now -2.11% away from the 50-day moving average and -14.03% away from the 200-day moving average. The market capitalization of the company currently stands at $7.65B.
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With the price target reduced from $33 to $30, JP Morgan Downgraded its rating from Overweight to Neutral for Dropbox Inc (NASDAQ: DBX). , while ‘Goldman’ rates the stock as ‘Sell’
In other news, Campbell Lisa M, Director sold 5,539 shares of the company’s stock on May 17 ’24. The stock was sold for $131,582 at an average price of $23.76. Upon completion of the transaction, the Director now directly owns 22,165 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, Chief Legal Officer Volkmer Bart sold 6,894 shares of the business’s stock. A total of $163,551 was realized by selling the stock at an average price of $23.72. This leaves the insider owning 347,842 shares of the company worth $8.06 million. A total of 27.50% of the company’s stock is owned by insiders.
During the past 12 months, Dropbox Inc has had a low of $22.02 and a high of $33.43. According to the stock market information, the enterprise value for the company is $8489253376, which is based on a 15.40 price-to-earnings ratio, a 1.97 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for DBX is $23.6516 and a two-hundred day moving average price translates $26.92815 for the stock.
The latest earnings results from Dropbox Inc (NASDAQ: DBX) was released for 2024-03-31. The company reported revenue of $631.3 million for the quarter, compared to $611.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.31 percent.
