The Attractiveness of Investing In Dropbox Inc. (DBX) is Growing


Dropbox Inc.’s recently made public that its Chief Executive Officer Houston Andrew unloaded Company’s shares for reported $3.83 million on Feb 06. In the deal valued at $23.56 per share,162,500 shares were sold. As a result of this transaction, Houston Andrew now holds 0 shares worth roughly $ 0.0.

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Then, Regan Timothy sold 2,369 shares, generating $54,064 in total proceeds. Upon selling the shares at $22.82, the Chief Financial Officer now owns 466,230 shares.

Before that, Young Timothy H. sold 15,000 shares. Dropbox Inc. shares valued at $346,036 were divested by the President at a price of $23.07 per share. As a result of the transaction, Young Timothy H. now holds 1,108,945 shares, worth roughly $22.72 million.

Jefferies downgraded its Dropbox Inc. [DBX] rating to a Hold from a a Buy in a research note published on Monday. PT values the company’s stock at a premium of 18.04 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in late November with a ‘”an Underperform”‘ rating. KeyBanc Capital Markets began covering DBX with “an Overweight” recommendation on September 13, 2022. BofA Securities started covering the stock on September 06, 2022. It rated DBX as “a Buy”.

Price Performance Review of DBX

On Monday, Dropbox Inc. [NASDAQ:DBX] saw its stock fall -0.53% to $20.49. On the same session, the stock had its day’s lowest price of $20.405, but rose to a high of $20.81. Over the last five days, the stock has lost -3.44%. Dropbox Inc. shares have fallen nearly -8.45% since the year began. Nevertheless, the stocks have fallen -3.98% over the past one year. While a 52-week high of $24.99 was reached on 02/02/23, a 52-week low of $19.07 was recorded on 02/24/23. SMA at 50 days reached $22.82, while 200 days put it at $22.13. A total of 3.52 million shares were traded, compared to the trading of 3.93 million shares in the previous session.

Levels Of Support And Resistance For DBX Stock

The 24-hour chart illustrates a support level at 20.33, which if violated will result in even more drops to 20.16. On the upside, there is a resistance level at 20.73. A further resistance level may holdings at 20.97. The Relative Strength Index (RSI) on the 14-day chart is 29.10, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.72%. Stochastics %K at 6.42% indicates the stock is a buying.

How much short interest is there in Dropbox Inc.?

A steep rise in short interest was recorded in Dropbox Inc. stocks on Jan 12, 2023, growing by 0.0 shares to a total of 14.08 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 14.08 million shares.

Dropbox Inc. [DBX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 29,234,005 shares, or roughly 10.43% of the outstanding DBX shares. In other words, the investor’s shares have fallen by -833,665 from its previous 13-F filing of 30067670.0. Additionally, Columbia Management Investment Ad decreased -0.20% of its stake after which the total value it holdings stand at $376,678,840, while BlackRock Fund Advisors added 1.34% of its stake to hold $294.39 million in the firm. Over the last quarter, Renaissance Technologies LLC sold -413,200 shares of Dropbox Inc., while Pictet Asset Management SA sold -3,528,889 shares. At present, SSgA Funds Management, Inc. is holding 5,872,866 shares valued at $136.43 million. Geode Capital Management LLC owned 4,970,819 shares of the company at the time of its most recent 13F filing, worth $115.47 million.

According to FactSet, Dropbox Inc.’s share price will average $27.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.8 percent from its previous closing price of $20.60. Analysts expect Dropbox Inc. stock to reach the higher price of $34.00, while the lowest price estimate is $20.00. However, 14 analysts have rated DBX stock as a Hold in their predictions for 2023. The most recent change occurred on September 01, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $24 price target.


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