Insider Selling: Dropbox (NASDAQ:DBX) CEO Sells 29,500 Shares of Stock

Posted by Geri Gentry on Oct 15th, 2026

Dropbox, Inc. (NASDAQ:DBX – Get Free Report) CEO Andrew Houston sold 29,500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $35.09, for a total value of $1,035,155.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Houston also recently made the following trade(s):

On Thursday, October 1st, Andrew Houston sold 354,300 shares of Dropbox stock. The stock was sold at an average price of $34.01, for a total value of $12,049,743.00.
On Thursday, September 10th, Andrew Houston sold 383,800 shares of Dropbox stock. The stock was sold at an average price of $35.02, for a total value of $13,440,676.00.

Dropbox Trading Up 2.2%

Shares of Dropbox stock traded up $0.80 on Thursday, reaching $36.41. 741,297 shares of the company were exchanged, compared to its average volume of 3,998,057. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 5.24 and a beta of 0.63. Dropbox, Inc. has a one year low of $21.69 and a one year high of $38.17. The company has a 50-day moving average of $34.68 and a 200 day moving average of $29.67.

Dropbox (NASDAQ:DBX – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. Dropbox had a net margin of 17.49% and a negative return on equity of 24.26%. The business had revenue of $631.50 million during the quarter, compared to analysts’ expectations of $626.69 million. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Analysts predict that Dropbox, Inc. will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DBX has been the topic of several recent analyst reports. William Blair upgraded shares of Dropbox from an “underperform” rating to a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America reiterated an “underperform” rating on shares of Dropbox in a research note on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price target on shares of Dropbox in a report on Thursday, September 3rd. Finally, Weiss Ratings raised Dropbox from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $29.75.

Check Out Our Latest Analysis on DBX

Hedge Funds Weigh In On Dropbox

Several large investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC boosted its holdings in shares of Dropbox by 63.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,363 shares of the company’s stock worth $46,000 after buying an additional 527 shares during the period. EverSource Wealth Advisors LLC grew its stake in Dropbox by 68.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,052 shares of the company’s stock valued at $47,000 after buying an additional 831 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Dropbox by 166.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $89,000 after buying an additional 1,635 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Dropbox in the 4th quarter valued at about $103,000. Finally, Baird Financial Group Inc. bought a new position in Dropbox in the 2nd quarter valued at about $209,000. 94.84% of the stock is owned by institutional investors.

Dropbox Company Profile

(Get Free Report)

Dropbox, Inc (NASDAQ: DBX) is a software company that provides cloud-based tools for storing, organizing, sharing and collaborating on files. Its platform enables individuals, businesses and teams to access files across devices, synchronize content and manage collaboration through web, desktop and mobile applications.

The company’s product portfolio includes Dropbox for cloud storage and file collaboration, Dropbox Sign for electronic signatures and document workflows, and DocSend for securely sharing and tracking business documents.