Dropbox Inc (NASDAQ: DBX) is -1.43% 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 $29.41 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $29.61, the stock is -1.55% and 3.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing 0.68% at the moment leaves the stock 19.17% off its SMA200. DBX registered -1.99% loss for a year compared to 6-month gain of 30.56%. The firm has a 50-day simple moving average (SMA 50) of $28.5872 and a 200-day simple moving average (SMA200) of $24.8214.
The stock witnessed a 3.71% loss in the last 1 month and extending the period to 3 months gives it a 14.32%, and is -1.30% 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 1.95% over the week and 2.39% over the month.
Dropbox Inc (DBX) has around 2693 employees, a market worth around $9.17B and $2.54B in sales. Current P/E ratio is 17.14 and Fwd P/E is 11.41. Profit margin for the company is 22.71%. Distance from 52-week low is 43.18% and -11.43% from its 52-week high. The company has generated returns on investments over the last 12 months (44.78%).
with sales reaching $638.61M over the same period.The EPS is expected to grow by 21.86% this year, but quarterly earnings will post 1.67% year-over-year. Quarterly sales are estimated to grow 0.57% in year-over-year returns.
Dropbox Inc (DBX) Top Institutional Holders
620.0 institutions hold shares in Dropbox Inc (DBX), with institutional investors hold 102.78% of the company’s shares. The shares outstanding are 227.20M, and float is at 219.30M with Short Float at 8.81%. Institutions hold 98.11% 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 Houston Andrew, the company’s Chief Executive Officer. SEC filings show that Houston Andrew sold 29,917 shares of the company’s common stock on Jan 06 ’25 at a price of $30.07 per share for a total of $0.9 million. Following the sale, the insider now owns 0.0 shares.
Dropbox Inc disclosed in a document filed with the SEC on Jan 02 ’25 that Houston Andrew (Chief Executive Officer) sold a total of 500,323 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $29.65 per share for $14.84 million. Following the transaction, the insider now directly holds 0.0 shares of the DBX stock.
Still, SEC filings show that on Jan 03 ’25, Houston Andrew (Chief Executive Officer) disposed off 4,257 shares at an average price of $30.00 for $0.13 million. The insider now directly holds 0 shares of Dropbox Inc (DBX).
