On January 16, 2024, Bart Volkmer, the Chief Legal Officer of Dropbox Inc (DBX, Financial), executed a sale of 7,025 shares of the company. The transaction was filed with the SEC and can be found in the following SEC Filing.
Dropbox Inc is a service company offering a platform for sharing and collaborating on content. The company's platform allows individuals, teams, and organizations to create, access, and share content across various devices. Dropbox has grown to become a significant player in the cloud storage and collaborative workspace sectors.
According to the data, the insider has sold a total of 103,719 shares over the past year and has not made any purchases of the company's stock during the same period.
The insider transaction history for Dropbox Inc indicates a pattern of 44 insider sells and no insider buys over the past year.
On the date of the insider's recent transaction, Dropbox Inc's shares were trading at $31.31, resulting in a market capitalization of $10.678 billion.
The company's price-earnings ratio stands at 19.90, which is below the industry median of 26.86 and also below the historical median price-earnings ratio for Dropbox Inc.
With the current share price of $31.31 and a GuruFocus Value of $29.25, Dropbox Inc has a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
