Dropbox (NASDAQ:DBX) Trading Down 9.3% – What’s Next?

Posted by Geri Gentry on May 11th, 2026

Shares of Dropbox, Inc. (NASDAQ:DBX – Get Free Report) fell 9.3% during trading on Monday . The stock traded as low as $26.57 and last traded at $26.2240. 1,358,776 shares were traded during mid-day trading, a decline of 65% from the average session volume of 3,896,428 shares. The stock had previously closed at $28.90.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DBX. Citigroup boosted their price objective on shares of Dropbox from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Dropbox from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. William Blair reissued an “underperform” rating on shares of Dropbox in a research note on Monday, March 23rd. UBS Group lowered their price objective on shares of Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen cut shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Dropbox currently has a consensus rating of “Reduce” and an average price target of $27.00.

Check Out Our Latest Research Report on DBX

Dropbox Stock Performance

The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64. The company’s fifty day moving average is $24.34 and its two-hundred day moving average is $26.53.

Dropbox (NASDAQ:DBX – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.05. The business had revenue of $629.50 million for the quarter, compared to analyst estimates of $620.56 million. Dropbox had a net margin of 18.71% and a negative return on equity of 30.01%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, analysts forecast that Dropbox, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Dropbox

In related news, CAO Sarah Elizabeth Schubach sold 1,769 shares of Dropbox stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $23.95, for a total transaction of $42,367.55. Following the transaction, the chief accounting officer owned 136,106 shares in the company, valued at approximately $3,259,738.70. The trade was a 1.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ashraf Alkarmi sold 12,472 shares of Dropbox stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $26.00, for a total transaction of $324,272.00. Following the transaction, the insider owned 414,661 shares in the company, valued at $10,781,186. The trade was a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 249,288 shares of company stock worth $5,994,652. Insiders own 35.48% of the company’s stock.

Hedge Funds Weigh In On Dropbox

Several hedge funds and other institutional investors have recently made changes to their positions in DBX. Rossby Financial LCC lifted its holdings in shares of Dropbox by 128.5% during the 3rd quarter. Rossby Financial LCC now owns 937 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. Palisade Asset Management LLC acquired a new position in Dropbox in the 3rd quarter worth $30,000. First Horizon Corp acquired a new position in Dropbox in the 3rd quarter worth $31,000. Kestra Advisory Services LLC acquired a new position in Dropbox in the 4th quarter worth $31,000. Finally, Larson Financial Group LLC lifted its holdings in Dropbox by 228.0% in the 4th quarter. Larson Financial Group LLC now owns 1,138 shares of the company’s stock worth $32,000 after buying an additional 791 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Company Profile

(Get Free Report)

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.