In yesterday’s Wall Street session, Dropbox Inc (NASDAQ:DBX) shares traded at $20.92, down -3.59% from the previous session.
DBX stock price is now -9.39% away from the 50-day moving average and -21.32% away from the 200-day moving average. The market capitalization of the company currently stands at $6.91B.
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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, Cox Eric, Chief Customer Officer sold 8,536 shares of the company’s stock on Jun 10 ’24. The stock was sold for $181,579 at an average price of $21.27. Upon completion of the transaction, the Chief Customer Officer now directly owns 350,471 shares in the company, valued at $7.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Chief Executive Officer Houston Andrew sold 82,000 shares of the business’s stock. A total of $1,836,406 was realized by selling the stock at an average price of $22.40. A total of 27.66% of the company’s stock is owned by insiders.
During the past 12 months, Dropbox Inc has had a low of $21.07 and a high of $33.43. According to the stock market information, the enterprise value for the company is $7746320896, which is based on a 13.90 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for DBX is $23.037 and a two-hundred day moving average price translates $26.55475 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.
