Yahoo Finance Insider Sale: Chief Customer Officer Eric Cox Sells 8,536 Shares of Dropbox Inc (DBX)
Dropbox Inc (NASDAQ:DBX), 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. Eric Cox, the Chief Customer Officer of Dropbox Inc, sold 8,536 shares of the company on June 10, 2024. Following this transaction, the insider now owns 350,471 shares of Dropbox Inc.
Over the past year, Eric Cox has engaged in multiple transactions involving the company's stock, selling a total of 8,536 shares and purchasing none. This recent sale continues a trend observed within the company, where insider activity has predominantly been in the form of sales. In the past year, there have been 48 insider sales and no insider buys.
Shares of Dropbox Inc were trading at $21.27 on the day of the transaction. The company currently holds a market cap of $6.98 billion. The price-earnings ratio of Dropbox Inc stands at 14.37, which is below both the industry median of 26.35 and the company's historical median.
According to the GF Value, Dropbox Inc is currently modestly undervalued with a price-to-GF-Value ratio of 0.73. The GF Value of $29.19 suggests a potential undervaluation of the stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects or stock valuation adjustments. With the current valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, investors might find Dropbox Inc an interesting case for further analysis.
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.
This article first appeared on GuruFocus.
