DBX DROPBOX, INC.
Price Chart
Executive Summary
A cluster of insider selling at Dropbox, including CEO Andrew Houston's $974K open-market sale, follows the Q1 2026 earnings report that showed revenue growth slowing to +0.8% YoY and a 24% decline in GAAP net income. While the total $1.19M in open-market sales is only ~0.02% of market cap and likely routine post-earnings diversification, the CEO's sale is notable for its size and timing. The cluster is amplified by cross-filing context (earnings + insider trades), but the proportionality check and weak historical predictive power of insider sales keep the overall impact modest.
Key Financial Metrics
Actionable Insight
The CEO's $974K sale is the most notable element, but at 0.02% of market cap it is not material enough to drive a bearish thesis alone. Monitor for any additional insider selling in the next 30 days, especially if the stock rallies above $28. The Q1 earnings trend (slowing revenue, declining net income) is a more significant concern than this cluster.
Key Facts
- CEO Andrew Houston sold 37,498 shares for $974K on May 14, 2026, the largest open-market sale in the cluster.
- Total open-market sales in the cluster: $1.19M, representing ~0.02% of Dropbox's $6.5B market cap.
- The cluster occurred 12 days after Q1 2026 earnings (May 7), which reported +0.8% YoY revenue growth but a 24% decline in GAAP net income.
- Non-cash tax-withholding transactions (5 insiders, $1.92M notional) are routine post-vesting events and carry no economic signal.
- Historical performance on DBX reports shows a 20% win rate at T+20, suggesting the stock has been difficult to call directionally.
Financial Impact
Open-market insider sales total $1.19M, or ~0.02% of market cap — trivial relative to company size.
Risk Factors
- CEO sale could be interpreted negatively by the market despite its small relative size.
- Continued insider selling in coming weeks would amplify the bearish signal.
- The 24% net income decline and paying user drop (18.09M) are fundamental headwinds not addressed by this cluster.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DBX-1779228158147 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $27.18 $27.38 | ▲ +0.75% | ▲ +3.35% | $27.09 (−0.31%) |
|
Jun 1, 2026
11d ago
|
8-K
| $28.92 $28.16 | ▼ −2.63% | ▼ −2.77% | $27.09 (−6.32%) |
|
May 26, 2026
17d ago
|
8-K
| $26.46 $25.97 | ▼ −1.85% | ▼ −1.87% | $27.09 (+2.38%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $27.16 $27.51 | ▲ +1.29% | ▲ +0.84% | $27.09 (−0.25%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $27.16 $27.51 | ▲ +1.29% | ▲ +0.84% | $27.09 (−0.25%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $25.97 $26.19 | ▲ +0.84% | ▲ +0.29% | $27.09 (+4.32%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $27.16 $27.51 | ▼ −1.29% | ▼ −0.84% | $27.09 (+0.25%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $27.16 $27.51 | ▼ −1.29% | ▼ −0.84% | $27.09 (+0.25%) |
|
May 19, 2026
24d ago
|
Insider Cluster
| $27.53 $27.16 | ▼ −1.34% | ▼ −1.54% | $27.09 (−1.59%) |
|
May 19, 2026
24d ago
|
Insider Cluster
| $27.53 $27.16 | ▲ +1.34% | ▲ +1.54% | $27.09 (+1.59%) |
US Market Status
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