The stock of Dropbox Inc (NASDAQ:DBX) last traded at $23.93, down -1.64% from the previous session.
DBX stock price is now 6.17% away from the 50-day moving average and -6.07% away from the 200-day moving average. The market capitalization of the company currently stands at $7.79B.
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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 2,330 shares of the company’s stock on Aug 16 ’24. The stock was sold for $53,262 at an average price of $22.86. Upon completion of the transaction, the Chief Customer Officer now directly owns 336,171 shares in the company, valued at $8.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Chief Financial Officer Regan Timothy sold 3,000 shares of the business’s stock. A total of $68,362 was realized by selling the stock at an average price of $22.79. This leaves the insider owning 497,247 shares of the company worth $11.9 million. A total of 28.00% of the company’s stock is owned by insiders.
During the past 12 months, Dropbox Inc has had a low of $20.68 and a high of $33.43. According to the stock market information, the enterprise value for the company is $8731143168, which is based on a 13.91 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for DBX is $22.5876 and a two-hundred day moving average price translates $25.46485 for the stock.
The latest earnings results from Dropbox Inc (NASDAQ: DBX) was released for 2024-06-30. The company reported revenue of $634.5 million for the quarter, compared to $622.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.93 percent.
