In a filing, Dropbox Inc revealed its Chief Financial Officer Regan Timothy unloaded Company’s shares for reported $64704.0 on Feb 28 ’25. In the deal valued at $25.88 per share,2,500 shares were sold. As a result of this transaction, Regan Timothy now holds 372,791 shares worth roughly $9.54 million.
Then, Cox Eric sold 3,765 shares, generating $99,009 in total proceeds. Upon selling the shares at $26.30, the Chief Customer Officer now owns 309,550 shares.
Before that, TIMOTHY REGAN bought 2,500 shares. Dropbox Inc shares valued at $64,875 were divested by the Officer at a price of $25.95 per share.
JP Morgan downgraded its Dropbox Inc [DBX] rating to a Neutral from a an Overweight in a research note published on February 16, 2024; the price target was decreased to $30 from $33. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid February from “a Mkt outperform” to “a Mkt perform”. Goldman also remained covering DBX and has decreased its forecast on February 16, 2024 with a “Sell” recommendation from previously “Neutral” rating. BofA Securities revised its rating on February 16, 2024. It rated DBX as “an Underperform” which previously was an “a Buy”.
Price Performance Review of DBX
On Monday, Dropbox Inc [NASDAQ:DBX] saw its stock fall -3.10% to $25.60. Over the last five days, the stock has lost -1.16%. Dropbox Inc shares have fallen nearly -14.78% since the year began. Nevertheless, the stocks have risen 7.56% over the past one year. While a 52-week high of $33.33 was reached on 01/28/25, a 52-week low of $20.68 was recorded on 03/07/25. SMA at 50 days reached $30.04, while 200 days put it at $26.08.
Levels Of Support And Resistance For DBX Stock
The 24-hour chart illustrates a support level at 25.30, which if violated will result in even more drops to 24.99. On the upside, there is a resistance level at 26.02. A further resistance level may holdings at 26.45. The Relative Strength Index (RSI) on the 14-day chart is 30.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.25%. Stochastics %K at 5.49% indicates the stock is a buying.
The most recent change occurred on December 15, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $36 price target.
