The price of Dropbox Inc (NASDAQ:DBX) shares last traded on Wall Street fell -0.83% to $32.13.
DBX stock price is now 8.30% away from the 50-day moving average and 26.95% away from the 200-day moving average. The market capitalization of the company currently stands at $9.95B.
With the price target reduced from $33 to $30, JP Morgan Downgraded its rating from Overweight to Neutral for Dropbox Inc (NASDAQ: DBX). , while ‘Goldman’ rates the stock as ‘Sell’
In other news, TIMOTHY REGAN, Officer bought 2,500 shares of the company’s stock on Jan 30 ’25. The stock was bought for $81,000 at an average price of $32.40. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Chief Executive Officer Houston Andrew sold 80,499 shares of the business’s stock. A total of $2,492,764 was realized by selling the stock at an average price of $30.97. A total of 29.06% of the company’s stock is owned by insiders.
During the past 12 months, Dropbox Inc has had a low of $20.68 and a high of $33.43. According to the stock market information, the enterprise value for the company is $11083930624, which is based on a 18.59 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for DBX is $29.5782 and a two-hundred day moving average price translates $25.2627 for the stock.
The latest earnings results from Dropbox Inc (NASDAQ: DBX) was released for 2024-09-30. The company reported revenue of $638.8 million for the quarter, compared to $633.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.92 percent.
