Dropbox Inc (NASDAQ: DBX) is -9.53% lower on its value in year-to-date trading and has touched a low of $20.68 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 $26.38 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $26.67, the stock is -0.12% and 3.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.2 million and changing 1.10% at the moment leaves the stock 9.93% off its SMA200. DBX registered -1.73% loss for a year compared to 6-month gain of 12.87%. The firm has a 50-day simple moving average (SMA 50) of $25.8156 and a 200-day simple moving average (SMA200) of $24.29095.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 9.62%, and is -4.51% 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 2.88% over the week and 2.89% over the month.
Dropbox Inc (DBX) has around 2693 employees, a market worth around $8.27B and $2.54B in sales. Current P/E ratio is 15.43 and Fwd P/E is 10.23. Profit margin for the company is 22.71%. Distance from 52-week low is 28.97% and -20.22% from its 52-week high. The company has generated returns on investments over the last 12 months (44.78%).
The EPS is expected to grow by 21.86% this year.
Dropbox Inc (DBX) Top Institutional Holders
620.0 institutions hold shares in Dropbox Inc (DBX), with institutional investors hold 102.83% of the company’s shares. The shares outstanding are 256.00M, and float is at 220.32M with Short Float at 6.82%. Institutions hold 98.13% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.94 million shares valued at $627.8 million. The investor’s holdings represent 8.3451% of the DBX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.8 million shares valued at $624.72 million to account for 8.3041 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 18.85 million shares representing 5.6295% and valued at over $423.51 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.0807 of the shares totaling 10.31 million with a market value of $231.76 million.
Dropbox Inc (DBX) Insider Activity
The most recent transaction is an insider sale by Regan Timothy, the company’s Chief Financial Officer. SEC filings show that Regan Timothy sold 2,500 shares of the company’s common stock on Nov 15 ’24 at a price of $27.17 per share for a total of $67932.0. Following the sale, the insider now owns 0.44 million shares.
Dropbox Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Cox Eric (Chief Customer Officer) sold a total of 2,330 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $26.41 per share for $61526.0. Following the transaction, the insider now directly holds 0.32 million shares of the DBX stock.
Still, SEC filings show that on Nov 18 ’24, ERIC COX (Officer) Proposed Sale 2,330 shares at an average price of $27.06 for $63050.0. The insider now directly holds shares of Dropbox Inc (DBX).
