DBX DROPBOX, INC.

NEUTRAL Impact: 2/10 Insider Cluster (7 insiders)
Horizon days Filed May 20, 2026 Processed 10d 5h ago
Insider cluster: 7 insiders, $1.4M total
Latest settled — T+5d ⚠ clustered
DBX ▼ -3.56% at T+5d
NEUTRAL call ✗ call lost -3.56% · α vs SPY -5.16% · entry $27.16 → $26.19
Next anchor: T+20d in 12d
Currently $27.52 · +1.33% from $27.16 entry
Entry anchored
May 20, 03:59 PM ET
via Databento tick
T+1d
+1.29%
call +1.29% · α +0.84%
$27.51
settled 16d ago
T+5d
-3.56%
call -3.56% · α -5.16%
$26.19
settled 9d ago
T+20d
call — · α —
in 12d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

A cluster of 7 Dropbox insiders, including CEO Andrew Houston, sold $1.35M in shares over a 7-day window. The CEO's $834K sale dominates the cluster, but the total represents only ~0.02% of market cap, making it trivial in size. No open-market purchases occurred; all non-cash grants are routine director compensation.

Key Financial Metrics

Direction
selling
Total Value
$1.4M
Insiders
7

Actionable Insight

This cluster is too small relative to market cap to signal material bearish conviction. CEO selling is notable but the dollar amount is routine for a $6.4B company. Monitor for any upcoming earnings or material events that could explain the timing, but no immediate action warranted.

Key Facts

  • 7 insiders sold a total of $1.35M in shares from May 14-21, 2026
  • CEO Andrew Houston sold $834K (30.3K shares at $27.50) — largest trade in the cluster
  • Total cluster value is ~0.02% of DBX's $6.4B market cap
  • No open-market purchases were made; two director grants (non-cash, $0 value) were also reported
  • Recent 30-day insider activity shows 5 prior sells totaling $1.1M, consistent with routine selling pattern

Financial Impact

Total insider sales of $1.35M represent ~0.02% of market cap — immaterial

Risk Factors

  • CEO selling could be perceived negatively by retail investors despite small size
  • No insider buying to offset the selling signal

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
6% bullish (16 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-DBX-1779828424390
17 reports for DBX
Performance horizon
Filters
Rows
Reports for DBX — sortable, filterable
Type Now
Jun 3, 2026
2d ago
Insider Cluster
NEUTRAL ★ 3/10
awaiting T+5
Jun 1, 2026
4d ago
8-K
NEUTRAL ★ 4/10
awaiting T+5
May 26, 2026
10d ago
8-K
NEUTRAL ★ 4/10
awaiting T+5
May 20, 2026
16d ago
Insider Cluster
NEUTRAL ★ 3/10
$27.16 $26.19▼ −3.56%▼ −5.16%$27.52 (+1.33%)
May 20, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$27.16 $26.19▼ −3.56%▼ −5.16%$27.52 (+1.33%)
May 20, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
awaiting T+5
May 20, 2026
16d ago
Insider Cluster
BEARISH ★ 4/10
awaiting T+5
May 20, 2026
16d ago
Insider Cluster
BEARISH ★ 5/10
awaiting T+5
May 19, 2026
17d ago
Insider Cluster
NEUTRAL ★ 4/10
awaiting T+5
May 19, 2026
17d ago
Insider Cluster
BEARISH ★ 5/10
awaiting T+5
Showing 10 of 17

US Market Status

Market Closed — Opens Mon (35h 20m)

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