Dropbox (NASDAQ:DBX) Cut to “Hold” at Wall Street Zen

Posted by Brenda Bartman on Aug 11th, 2026

Wall Street Zen lowered shares of Dropbox (NASDAQ:DBX – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.

Several other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research note on Friday, July 31st. Bank of America reissued an “underperform” rating on shares of Dropbox in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dropbox in a research report on Monday, June 1st. Citigroup increased their price target on Dropbox from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, William Blair upgraded Dropbox from an “underperform” rating to a “market perform” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dropbox presently has a consensus rating of “Reduce” and a consensus price target of $28.25.

Check Out Our Latest Stock Report on Dropbox

Dropbox Price Performance

DBX stock opened at $34.59 on Friday. Dropbox has a 12 month low of $21.69 and a 12 month high of $35.72. The firm’s 50-day moving average is $29.20 and its 200 day moving average is $26.53. The company has a market capitalization of $8.07 billion, a PE ratio of 19.22, a P/E/G ratio of 3.81 and a beta of 0.64.

Dropbox (NASDAQ:DBX – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $631.50 million during the quarter, compared to analysts’ expectations of $626.69 million. Dropbox had a net margin of 17.49% and a negative return on equity of 24.26%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Sell-side analysts forecast that Dropbox will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Dropbox news, CEO Andrew Houston sold 37,498 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $25.96, for a total transaction of $973,448.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Ali Dasdan sold 5,666 shares of Dropbox stock in a transaction on Monday, May 18th. The shares were sold at an average price of $27.56, for a total value of $156,154.96. Following the completion of the transaction, the chief technology officer owned 514,611 shares in the company, valued at $14,182,679.16. This represents a 1.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 130,945 shares of company stock valued at $3,565,129 over the last ninety days. Company insiders own 35.48% of the company’s stock.

Institutional Investors Weigh In On Dropbox

Institutional investors have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC bought a new position in Dropbox in the third quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in shares of Dropbox in the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its position in shares of 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 during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Dropbox by 78.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock worth $36,000 after buying an additional 558 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Dropbox during the 4th quarter worth approximately $38,000. Institutional investors own 94.84% of the company’s stock.

About Dropbox

(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.