Insider Selling: Dropbox (NASDAQ:DBX) CAO Sells $42,367.55 in Stock

Dropbox, Inc. (NASDAQ:DBX) CAO Sarah Elizabeth Schubach sold 1,769 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $23.95, for a total value of $42,367.55. Following the sale, the chief accounting officer directly owned 136,106 shares of the company’s stock, valued at $3,259,738.70. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarah Elizabeth Schubach also recently made the following trade(s):

• On Wednesday, April 15th, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $22.99, for a total value of $32,530.85.
• On Tuesday, March 31st, Sarah Elizabeth Schubach sold 1,416 shares of Dropbox stock. The stock was sold at an average price of $22.60, for a total value of $32,001.60.
• On Monday, March 16th, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $25.76, for a total value of $36,450.40.
• On Monday, March 2nd, Sarah Elizabeth Schubach sold 1,415 shares of Dropbox stock. The stock was sold at an average price of $24.76, for a total value of $35,035.40.
• On Wednesday, February 18th, Sarah Elizabeth Schubach sold 1,416 shares of Dropbox stock. The stock was sold at an average price of $24.49, for a total value of $34,677.84.

Dropbox Trading Up 15.0%

Dropbox stock opened at $28.90 on Friday. The firm has a market capitalization of $6.97 billion, a P/E ratio of 15.79, a PEG ratio of 2.04 and a beta of 0.64. Dropbox, Inc. has a 1 year low of $21.69 and a 1 year high of $32.40. The business has a 50-day moving average of $24.34 and a 200-day moving average of $26.53.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $629.50 million during the quarter, compared to analyst estimates of $620.56 million. Dropbox had a negative return on equity of 32.27% and a net margin of 18.71%.The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. Research analysts anticipate that Dropbox, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Dropbox

Several institutional investors and hedge funds have recently modified their holdings of DBX. LSV Asset Management grew its position in shares of Dropbox by 38.1% in the 3rd quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock valued at $350,848,000 after purchasing an additional 3,205,140 shares during the period. Norges Bank acquired a new position in shares of Dropbox in the 4th quarter valued at approximately $69,909,000. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Dropbox in the 4th quarter valued at approximately $22,050,000. Arrowstreet Capital Limited Partnership grew its position in shares of Dropbox by 11.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,573,627 shares of the company’s stock valued at $210,547,000 after purchasing an additional 767,119 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Dropbox by 47.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock valued at $64,164,000 after purchasing an additional 686,577 shares during the period. 94.84% of the stock is currently owned by institutional investors and hedge funds.

More Dropbox News

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Dropbox reported Q1 FY2026 EPS of $0.76, topping the $0.71 consensus, while revenue of $629.5 million also beat expectations. Management said results came in above the high end of guidance, which is helping sentiment. Dropbox Announces First Quarter 2026 Results
• Positive Sentiment: The company raised its full-year outlook, forecasting 2026 revenue of $2.497 billion to $2.512 billion and unlevered free cash flow of at least $1.055 billion, which strengthens the investment case around profitability and cash generation. Dropbox forecasts 2026 revenue of $2.497B-$2.512B while raising unlevered free cash flow to at or above $1.055B
• Positive Sentiment: Dropbox said paying users rose unexpectedly and highlighted repeat AI engagement in “Dash,” suggesting its product improvements may be improving retention and supporting future revenue growth. DBX Q1 Earnings Beat Estimates, Revenues Rise on Strong Retention
• Positive Sentiment: Royal Bank of Canada raised its price target on Dropbox to $32 from $30 and reiterated an outperform rating, signaling improving analyst confidence after the earnings report. Royal Bank of Canada price target raise
• Neutral Sentiment: Dropbox also guided Q2 revenue to $624 million to $627 million, above the $621.5 million consensus, but the company did not provide a clear EPS guide in the latest update.
• Negative Sentiment: Insider selling by CAO Sarah Elizabeth Schubach was disclosed, though it was made under a pre-arranged 10b5-1 plan and appears routine rather than a major red flag. SEC Form 4 — Insider Sale

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DBX. William Blair restated an “underperform” rating on shares of Dropbox in a research report on Monday, March 23rd. Wall Street Zen lowered Dropbox from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada boosted their target price on Dropbox from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on Dropbox from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, UBS Group decreased their price objective on Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $26.67.

About Dropbox

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.