Dropbox Inc (DBX, Financial), a leading global collaboration platform that's transforming the way people and teams work together, has reported an insider sale according to a recent SEC filing. Chief Legal Officer Bart Volkmer sold 6,682 shares of the company on April 15, 2024.
Bart Volkmer has been actively trading shares over the past year, with a total of 100,916 shares sold and no shares purchased. This latest transaction continues the trend of insider sales at Dropbox Inc, with a total of 46 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Dropbox Inc were trading at $23.12, giving the company a market cap of $7.715 billion. The price-earnings ratio of Dropbox Inc stands at 17.27, which is below both the industry median of 26.29 and the company's historical median price-earnings ratio.
Considering the stock's price and the GuruFocus Value of $29.32, Dropbox Inc has a price-to-GF-Value ratio of 0.79, indicating that the stock is modestly undervalued.
The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
For more detailed information, the SEC filing can be viewed here.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
