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Why should you keep an eye on Dropbox Inc (DBX)?

Dropbox Inc (NASDAQ: DBX) is -17.54% lower on its value in year-to-date trading and has touched a low of $19.55 and a high of $33.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DBX stock was last observed hovering at around $24.30 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $24.31, the stock is 0.73% and -11.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing 0.04% at the moment leaves the stock -11.83% off its SMA200. DBX registered 14.83% gain for a year compared to 6-month loss of -10.72%. The firm has a 50-day simple moving average (SMA 50) of $3.61 and a 200-day simple moving average (SMA200) of $16.32.

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The stock witnessed a 1.50% gain in the last 1 month and extending the period to 3 months gives it a -18.20%, and is -0.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.52% over the week and 1.95% over the month.

Dropbox Inc (DBX) has around 2693 employees, a market worth around $8.36B and $2.50B in sales. Current P/E ratio is 18.50 and Fwd P/E is 11.23. Profit margin for the company is 18.13%. Distance from 52-week low is 24.38% and -27.28% from its 52-week high. The company has generated returns on investments over the last 12 months (26.82%).

Dropbox Inc quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $628.67M over the same period.The EPS is expected to grow by 1.76% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.

Dropbox Inc (DBX) Top Institutional Holders

712 institutions hold shares in Dropbox Inc (DBX), with institutional investors hold 98.90% of the company’s shares. The shares outstanding are 256.00M, and float is at 252.21M with Short Float at 7.80%. Institutions hold 94.93% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 36.65 million shares valued at $977.41 million. The investor’s holdings represent 13.73% of the DBX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 27.72 million shares valued at $739.36 million to account for 10.39% of the shares outstanding. The other top investors are Ameriprise Financial, Inc. which holds 20.81 million shares representing 7.80% and valued at over $554.94 million, while State Street Corporation holds 3.50% of the shares totaling 9.34 million with a market value of $249.19 million.

Dropbox Inc (DBX) Insider Activity

The most recent transaction is an insider sale by Regan Timothy,the company’sChief Financial Officer. SEC filings show that Regan Timothy sold 3,000 shares of the company’s common stock on Mar 27 ’24 at a price of $24.36 per share for a total of $73074.0. Following the sale, the insider now owns 0.4 million shares.

Dropbox Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Volkmer Bart (Chief Legal Officer) sold a total of 7,039 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $24.02 per share for $0.17 million. Following the transaction, the insider now directly holds 0.23 million shares of the DBX stock.

Still, SEC filings show that on Mar 15 ’24, Regan Timothy (Chief Financial Officer) disposed off 3,000 shares at an average price of $24.02 for $72047.0. The insider now directly holds 403,720 shares of Dropbox Inc (DBX).

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