Dropbox Inc’s filing revealed that its Chief Financial Officer Regan Timothy unloaded Company’s shares for reported $0.27 million on Apr 01 ’25. In the deal valued at $27.00 per share,10,000 shares were sold. As a result of this transaction, Regan Timothy now holds 567,568 shares worth roughly $14.43 million.
Then, Regan Timothy sold 2,500 shares, generating $66,432 in total proceeds. Upon selling the shares at $26.57, the Chief Financial Officer now owns 367,791 shares.
Before that, TIMOTHY REGAN bought 10,000 shares. Dropbox Inc shares valued at $267,100 were divested by the Officer at a price of $26.71 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 Tuesday, Dropbox Inc [NASDAQ:DBX] saw its stock fall -0.16% to $25.42. Over the last five days, the stock has lost -6.48%. Dropbox Inc shares have fallen nearly -15.38% since the year began. Nevertheless, the stocks have risen 9.24% 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 04/07/25. SMA at 50 days reached $28.31, while 200 days put it at $26.54.
Levels Of Support And Resistance For DBX Stock
The 24-hour chart illustrates a support level at 24.79, which if violated will result in even more drops to 24.15. On the upside, there is a resistance level at 26.35. A further resistance level may holdings at 27.27. The Relative Strength Index (RSI) on the 14-day chart is 37.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.23%. Stochastics %K at 24.36% indicates the stock is a holding.
How much short interest is there in Dropbox Inc?
A steep rise in short interest was recorded in Dropbox Inc stocks on 2025-03-14, growing by 3.8 million shares to a total of 27.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 23.44 million shares. There was a rise of 13.96%, which implies that there is a positive sentiment for the stock.
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.
