The stock of Dropbox Inc (NASDAQ:DBX) last traded at $21.71, down -2.51% from the previous session.
DBX stock price is now -7.48% away from the 50-day moving average and -18.92% away from the 200-day moving average. The market capitalization of the company currently stands at $7.17B.
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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, Peacock Karen, Director sold 10,000 shares of the company’s stock on May 29 ’24. The stock was sold for $230,178 at an average price of $23.02. Upon completion of the transaction, the Director now directly owns 23,852 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’24, Chief Financial Officer Regan Timothy sold 3,000 shares of the business’s stock. A total of $69,374 was realized by selling the stock at an average price of $23.12. This leaves the insider owning 554,122 shares of the company worth $12.03 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 $22.04 and a high of $33.43. According to the stock market information, the enterprise value for the company is $8007172608, which is based on a 14.43 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for DBX is $23.4118 and a two-hundred day moving average price translates $26.7519 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.
