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Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)

Dropbox Inc (NASDAQ:DBX), a leading global collaboration platform that is transforming the way people and teams work together, reported an insider sale, according to a recent SEC filing. Eric Cox, Chief Customer Officer of Dropbox Inc, sold 8,536 shares of the company’s stock on June 10, 2024. Following this transaction, the insider now owns 350,471 shares of Dropbox Inc.

Over the past year, Eric Cox has been involved in several transactions involving the Company’s stock. In total, he sold 8,536 shares and bought none. This latest sale continues a trend within the Company where insider activity has predominantly taken the form of sales. Over the past year, there were 48 insider sales and no insider purchases.

Dropbox Inc. shares were trading at $21.27 on the day of the transaction. The company currently has a market capitalization of $6.98 billion. Dropbox Inc.’s price-to-earnings ratio is 14.37, which is below both the industry median of 26.35 and the company’s historical median.

According to GF Value, Dropbox Inc. is currently slightly undervalued with a price to GF Value ratio of 0.73. The GF Value of $29.19 suggests a possible undervaluation of the stock based on historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.

Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)

Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)

Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)

Insider sale: Chief Customer Officer Eric Cox sells 8,536 shares of Dropbox Inc (DBX)

This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future prospects or for stock valuation adjustments. Given the current valuation metrics such as price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio, Dropbox Inc. could be an interesting case for investors to further analyze.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned here.

This article first appeared on GuruFocus.

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