Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dropbox Inc shares valued at $2,492,764 were sold by Houston Andrew on Jan 21 ’25. At $30.97 per share, Houston Andrew sold 80,499 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, ANDREW HOUSTON REVOCABLE TRUST purchased 80,499 shares, netting a total of over 2,462,464 in proceeds.
Before that, Regan Timothy had sold 2,500 shares from its account. In a trade valued at $75,936, the Chief Financial Officer traded Dropbox Inc shares for $30.37 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $13.0 million.
As published in a research note from JP Morgan on February 16, 2024, Dropbox Inc [DBX] has been rated down from an Overweight to a Neutral and the price target has been revised to $30 from $33. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of February 16, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for DBX. Earlier on February 16, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for DBX stock which previously was a “a Buy”.
Analyzing DBX Stock Performance
During the last five days, there has been a surge of approximately 3.88%. Over the course of the year, Dropbox Inc shares have jumped approximately 7.86%. Shares of the company reached a 52-week high of $33.33 on 01/28/25 and a 52-week low of $29.01 on 01/13/25. A 50-day SMA is recorded $29.58, while a 200-day SMA reached $25.26. Nevertheless, trading volume fell to 3.55 million shares from 4.02 million shares the previous day.
Support And Resistance Levels for Dropbox Inc (DBX)
According to the 24-hour chart, there is a support level at 32.05, which, if violated, would cause prices to drop to 31.71. In the upper region, resistance lies at 32.71. The next price resistance is at 33.03. RSI (Relative Strength Index) is 70.37 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.49, which suggests the price will increase in the coming days. Percent R is at 21.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
