DBX

DROPBOX, INC.

Nasdaq · Services-Prepackaged Software · Inc. DE · CIK 0001467623
$27.52 +1.18% $6.3B
Insider Selling Cluster (6 insiders)
Vol
Market Cap$6.3B
Cap SizeMid Cap
Analyst ConsensusSell (6%)
Inst. Holders9 funds
Inst. Value$1.4B
Inst. Activity2 buys / 1 sells
Insider Activity0B / 22S
Insider Net $-$10.8M
SEC Reports17
Exchange Nasdaq·Sector Services-Prepackaged Software·Inc. DE·CIK 0001467623·Prev Close $27.20

Recent Activity

Jun 5, 2026 short_volume
Short Volume: DBX — 65.9% short (0.5M / 0.8M)
Short: 501,626 | Exempt: 163 | TRF Vol: 761,273 | Short Ratio: 65.9% | Off-exchange volume (dark poo
Jun 3, 2026 SEC
Two DBX insiders sold a total of ~$669K in stock over two days, led by Co-CEO Ashraf Alkarmi ($632K open-market sale). T
CLUSTER — Impact 3/10
Jun 2, 2026 Insider
Alkarmi Ashraf sold 22,700 shares
Co-CEO @ $27.86 ($632.5K)
Jun 1, 2026 SEC
Dropbox entered into a new $400M revolving credit facility (JPMCB Revolving Credit Facility) with JPMorgan Chase as admi
8-K — Impact 4/10
Jun 1, 2026 Insider
Alkarmi Ashraf sold 478,551 shares
Co-CEO @ $0.00 ($0.00)
Jun 1, 2026 Insider
Schubach Sarah Elizabeth sold 1,305 shares
Chief Accounting Officer @ $27.66 ($36.1K)
May 26, 2026 SEC
Seven Dropbox insiders, including CEO Andrew Houston, sold a total of $1.35M in shares over a 7-day window, with the CEO
CLUSTER — Impact 3/10
Inst.
NORGES BANK — NEW
2,514,706 shares ($69.9M)

Price Targets

$26.17 -4.9% upside Hold
Current $27.52 Low $21.00 Median $26.50 High $32.00 6 analysts
$21.00 $32.00

Analyst Ratings

Strong Sell6% buy · 16 analysts
0Strong Buy
1Buy
6Hold
7Sell
2Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 11, 2026 Citigroup MAINTAIN Neutral → Neutral
May 8, 2026 RBC Capital MAINTAIN Outperform → Outperform
Mar 23, 2026 William Blair DOWNGRADE Market Perform → Underperform
Feb 20, 2026 JP Morgan MAINTAIN Neutral → Neutral
Feb 20, 2026 UBS MAINTAIN Sell → Sell

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current FY $3.07 ▲ +3.1% $2.89 — $3.25 8% YoY 8
Next Q $0.78 ▲ +0.8% $0.74 — $0.83 6% YoY 6
Current Q $0.74 $0.70 — $0.78 4% YoY 7
Next FY $3.41 ▲ +1.1% $3.01 — $3.82 11% YoY 8

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$627.2M
RENAISSANCE TECHNOLOGIES LLC$232.9M
MORGAN STANLEY$183.8MADD
FMR LLC$118.1MADD
NORGES BANK$69.9MNEW

Recent Insider Trades

DateInsiderTypeValue
Jun 2, 2026Alkarmi AshrafSELL$632.5K
Jun 1, 2026Alkarmi AshrafA$0.00
Jun 1, 2026Schubach SarahSELL$36.1K
May 21, 2026Parasnis AbhayA$0.00
May 21, 2026Seibel MichaelA$0.00
9 institutional holders with $1.4B total value (48,585,262 shares) as of 2025-Q4. Top holders: VANGUARD, RENAISSANCE, MORGAN. Net buying activity: 2 institutions added/increased vs 1 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC22,562,154$627.2M46.4%
2RENAISSANCE TECHNOLOGIES LLC8,376,364$232.9M17.2%
3MORGAN STANLEY6,612,123$183.8M13.6%ADD +31.3%
4FMR LLC4,248,168$118.1M8.7%ADD +36.2%
5NORGES BANK2,514,706$69.9M5.2%NEW
6CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,249,909$62.5M4.6%NEW
7TWO SIGMA INVESTMENTS, LP1,326,993$36.9M2.7%DOUBLED +357.6%
8BANK OF AMERICA CORP /DE/660,880$18.4M1.4%TRIM -32.0%
9WELLS FARGO & COMPANY/MN33,965$944.2K0.1%TRIM -63.9%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
NORGES BANKNEW2,514,706$69.9M2025-Q4
TWO SIGMA INVESTMENTS, LPDOUBLED289,9781,326,993+357.6%$36.9M2025-Q4
BANK OF AMERICA CORP /DE/TRIM972,400660,880-32.0%$18.4M2025-Q4
TWO SIGMA INVESTMENTS, LPDOUBLED141,816289,978+104.5%$8.8M2025-Q3
WELLS FARGO & COMPANY/MNTRIM86,35831,185-63.9%$942.1K2025-Q3
NORGES BANKEXIT1,793,9500-100.0%$0.002025-Q3
MORGAN STANLEYADD5,706,2927,492,581+31.3%$214.3M2025-Q2
FMR LLCADD4,185,6555,699,795+36.2%$163.0M2025-Q2
NORGES BANKNEW1,793,950$51.3M2025-Q2
TWO SIGMA INVESTMENTS, LPNEAR_EXIT612,203141,816-76.8%$4.1M2025-Q2
WELLS FARGO & COMPANY/MNTRIM237,28286,358-63.6%$2.5M2025-Q2
CITADEL ADVISORS LLCTRIM1,086,969657,262-39.5%$17.6M2025-Q1
TWO SIGMA INVESTMENTS, LPTRIM1,310,456612,203-53.3%$16.4M2025-Q1
WELLS FARGO & COMPANY/MNDOUBLED32,967237,282+619.8%$6.3M2025-Q1
NORGES BANKEXIT681,8140-100.0%$0.002025-Q1
NORGES BANKADD531,905681,814+28.2%$20.5M2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW2,796,238$71.1M2024-Q3
12 unique insiders with 22 transactions. Net insider value: -$10.8M ($0.00 bought, $10.8M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 2, 2026Alkarmi AshrafCo-CEOSELL22,700$27.86$632.5K
Jun 1, 2026Alkarmi AshrafCo-CEOA478,551$0.00$0.00
Jun 1, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,305$27.66$36.1K
May 21, 2026Parasnis AbhayDirectorA9,071$0.00$0.00
May 21, 2026Seibel MichaelDirectorA9,071$0.00$0.00
May 21, 2026Peacock KarenDirectorA9,071$0.00$0.00
May 21, 2026Moore Andrew WilliamDirectorA9,071$0.00$0.00
May 21, 2026JENSON WARRENDirectorA9,071$0.00$0.00
May 21, 2026Campbell Lisa MDirectorA9,071$0.00$0.00
May 19, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,306$28.14$36.8K
May 18, 2026Dasdan AliChief Technology OfficerSELL2,700$27.28$73.7K
May 18, 2026Yoon William TChief Legal OfficerSELL3,201$27.28$87.3K
May 18, 2026Moore Andrew WilliamDirectorSELL3,706$27.27$101.1K
May 18, 2026Houston AndrewChief Executive OfficerC30,332$0.00$0.00
May 18, 2026Houston AndrewChief Executive OfficerSELL30,332$27.50$834.1K
May 18, 2026Houston AndrewChief Executive OfficerC30,332$0.00$0.00
May 15, 2026Schubach Sarah ElizabethChief Accounting OfficerF3,680$26.20$96.4K
May 15, 2026Alkarmi AshrafGeneral Manager, CoreF21,446$26.20$561.9K
May 15, 2026Dasdan AliChief Technology OfficerF19,254$26.20$504.5K
May 15, 2026Yoon William TChief Legal OfficerF16,124$26.20$422.4K
May 15, 2026Webster Eric TChief Business OfficerF12,871$26.20$337.2K
May 15, 2026Peacock KarenDirectorSELL4,000$26.50$106.0K
May 15, 2026Campbell Lisa MDirectorSELL4,222$26.51$111.9K
May 14, 2026Houston AndrewChief Executive OfficerC37,498$0.00$0.00
May 14, 2026Houston AndrewChief Executive OfficerSELL37,498$25.96$973.5K
May 14, 2026Houston AndrewChief Executive OfficerC37,498$0.00$0.00
Apr 30, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,769$23.95$42.4K
Apr 15, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,415$22.99$32.5K
Apr 1, 2026Schubach Sarah ElizabethChief Accounting OfficerA57,217$0.00$0.00
Apr 1, 2026Houston AndrewChief Executive OfficerC111,166$0.00$0.00
Apr 1, 2026Houston AndrewChief Executive OfficerSELL111,166$22.89$2.5M
Apr 1, 2026Houston AndrewChief Executive OfficerC111,166$0.00$0.00
Apr 1, 2026Dasdan AliChief Technology OfficerA40,152$0.00$0.00
Apr 1, 2026Alkarmi AshrafGeneral Manager, CoreA231,680$0.00$0.00
Apr 1, 2026Yoon William TChief Legal OfficerA200,762$0.00$0.00
Mar 31, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,416$22.60$32.0K
Mar 16, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,415$25.76$36.5K
Mar 11, 2026Peacock KarenDirectorSELL2,000$26.50$53.0K
Mar 11, 2026Yoon William TChief Legal OfficerSELL8,775$25.90$227.3K
Mar 3, 2026Alkarmi AshrafGeneral Manager, CoreSELL12,472$26.00$324.3K
Mar 2, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,415$24.76$35.0K
Mar 2, 2026Houston AndrewChief Executive OfficerC109,498$0.00$0.00
Mar 2, 2026Houston AndrewChief Executive OfficerC109,498$0.00$0.00
Feb 26, 2026Dasdan AliChief Technology OfficerSELL7,306$24.89$181.9K
Feb 2, 2026Houston AndrewChief Executive OfficerC164,502$0.00$0.00
Feb 2, 2026Houston AndrewChief Executive OfficerSELL164,502$25.66$4.2M
Feb 2, 2026Houston AndrewChief Executive OfficerC164,502$0.00$0.00
Jan 30, 2026Schubach Sarah ElizabethChief Accounting OfficerSELL1,462$25.79$37.7K
17 SEC filing reports analyzed. Sentiment: 0 bullish, 3 bearish, 0 mixed, 14 neutral. Avg impact: 3.2/10.
NEUTRAL CLUSTER 3/10
Two DBX insiders sold a total of ~$669K in stock over two days, led by Co-CEO Ashraf Alkarmi ($632K
Jun 3, 2026
NEUTRAL 8-K 4/10
Dropbox entered into a new $400M revolving credit facility (JPMCB Revolving Credit Facility) with JP
Jun 1, 2026
NEUTRAL CLUSTER 3/10
Seven Dropbox insiders, including CEO Andrew Houston, sold a total of $1.35M in shares over a 7-day
May 26, 2026
NEUTRAL CLUSTER 2/10
A cluster of 7 Dropbox insiders, including CEO Andrew Houston, sold $1.35M in shares over a 7-day wi
May 26, 2026
NEUTRAL CLUSTER 2/10
Seven Dropbox insiders, including CEO Andrew Houston, sold a total of $1.35M in shares over a one-we
May 26, 2026
NEUTRAL 8-K 4/10
Dropbox appointed Ashraf Alkarmi as co-CEO alongside founder Drew Houston, with a planned transition
May 26, 2026
BEARISH CLUSTER 4/10
Six Dropbox insiders, including CEO Andrew Houston, sold $1.31M in open-market shares within a week
May 20, 2026
BEARISH CLUSTER 5/10
Six insiders at Dropbox (including CEO Andrew Houston) sold a total of ~$1.45M in shares within a 5-
May 20, 2026
NEUTRAL CLUSTER 4/10
A cluster of insider selling at Dropbox, including CEO Andrew Houston's $974K open-market sale, foll
May 19, 2026
BEARISH CLUSTER 5/10
Dropbox insiders, including CEO Andrew Houston, sold $1.08M in stock over a week following Q1 earnin
May 19, 2026
NEUTRAL CLUSTER 2/10
Three Dropbox insiders sold a total of ~$1.13M in open-market transactions over a 7-day window follo
May 19, 2026
NEUTRAL CLUSTER 2/10
Dropbox's CEO Andrew Houston sold ~$974K in open-market shares on 2026-05-14 following the conversio
May 19, 2026
NEUTRAL CLUSTER 2/10
CEO Andrew Houston and CAO Sarah Schubach sold shares totaling approximately $1.01M, with Houston's
May 19, 2026
NEUTRAL 144 2/10
CEO Andrew Houston filed a Form 144 notice of intent to sell 37,498 shares of Dropbox, valued at app
May 14, 2026
NEUTRAL 8-K 4/10
Dropbox reported Q1 2026 revenue of $629.5M (+0.8% YoY), beating GAAP EPS consensus of $0.46 with $0
May 7, 2026
NEUTRAL CLUSTER 3/10
Two Dropbox insiders — a director and the Chief Legal Officer — sold shares in the open market, tota
Mar 13, 2026
NEUTRAL CLUSTER 3/10
Three Dropbox insiders sold shares in the past week, including CEO Andrew Houston who converted a de
Mar 6, 2026

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Sell (6% buy). Based on 16 analysts: 0 strong buy, 1 buy, 6 hold, 7 sell, 2 strong sell.

Analyst Price Targets

$26.17 mean target -4.9% upside Hold (3.50)
$21.00 Low $32.00 High
MetricValue
Current Price$27.52
Target Low$21.00
Target Mean$26.17
Target Median$26.50
Target High$32.00
# Analysts6
RecommendationHold (3.50)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current FY
2026-12-31
$3.07 $2.89 $3.25 8.0% +3.1% 6↑ 1↓ $2.5B -0.5% 8
Next Q
2026-09-30
$0.78 $0.74 $0.83 5.9% +0.8% 4↑ 1↓ $0.6B -1.3% 6
Current Q
2026-06-30
$0.74 $0.70 $0.78 4.0% +0.5% 2↑ 3↓ $0.6B 0.1% 7
Next FY
2027-12-31
$3.41 $3.01 $3.82 11.1% +1.1% 6↑ 0↓ $2.5B -0.5% 8

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.739
7d ago$0.739
30d ago$0.735+0.003
60d ago$0.735+0.003
90d ago$0.735+0.003
13 analyst firms have rated this stock: 1 upgrades, 6 downgrades, 6 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 11, 2026 Citigroup MAINTAIN Neutral Neutral
May 8, 2026 RBC Capital MAINTAIN Outperform Outperform
Mar 23, 2026 William Blair DOWNGRADE Market Perform Underperform
Feb 20, 2026 JP Morgan MAINTAIN Neutral Neutral
Feb 20, 2026 UBS MAINTAIN Sell Sell
Feb 20, 2026 RBC Capital MAINTAIN Outperform Outperform
Jan 5, 2026 RBC Capital MAINTAIN Outperform Outperform
Nov 7, 2025 RBC Capital MAINTAIN Outperform Outperform
Aug 8, 2025 UBS MAINTAIN Neutral Neutral
May 9, 2025 UBS MAINTAIN Buy Buy
May 9, 2025 Citigroup MAINTAIN Neutral Neutral
Feb 21, 2025 Citizens Capital Markets REITERATE Market Perform Market Perform
Jan 6, 2025 Jefferies MAINTAIN Hold Hold
Aug 9, 2024 UBS MAINTAIN Buy Buy
Jun 26, 2024 Citigroup MAINTAIN Neutral Neutral
Mar 22, 2024 Citigroup MAINTAIN Neutral Neutral
Feb 16, 2024 Goldman Sachs DOWNGRADE Neutral Sell
Feb 16, 2024 B of A Securities DOWNGRADE Buy Underperform
Feb 16, 2024 JMP Securities DOWNGRADE Market Outperform Market Perform
Feb 16, 2024 JP Morgan DOWNGRADE Overweight Neutral
Jan 19, 2024 Keybanc MAINTAIN Overweight Overweight
Dec 15, 2023 UBS INITIATE Buy
Sep 18, 2023 Citigroup MAINTAIN Neutral Neutral
Aug 31, 2023 JMP Securities REITERATE Market Outperform Market Outperform
Aug 4, 2023 RBC Capital MAINTAIN Outperform Outperform
Aug 4, 2023 Goldman Sachs MAINTAIN Neutral Neutral
Aug 4, 2023 Credit Suisse MAINTAIN Underperform Underperform
Aug 4, 2023 JMP Securities MAINTAIN Outperform Outperform
Aug 4, 2023 Keybanc MAINTAIN Overweight Overweight
Jul 21, 2023 Citigroup MAINTAIN Neutral Neutral
Jul 18, 2023 Keybanc MAINTAIN Overweight Overweight
Jun 22, 2023 Citigroup MAINTAIN Neutral Neutral
May 9, 2023 Goldman Sachs MAINTAIN Neutral
May 8, 2023 Goldman Sachs UPGRADE Sell Neutral
May 5, 2023 Credit Suisse MAINTAIN Underperform
May 5, 2023 JMP Securities MAINTAIN Market Outperform
May 5, 2023 Keybanc MAINTAIN Overweight
Feb 17, 2023 Credit Suisse REITERATE Underperform
Feb 17, 2023 Citigroup MAINTAIN Neutral
Feb 17, 2023 Keybanc MAINTAIN Overweight
Jan 5, 2023 Jefferies DOWNGRADE Buy Hold
Nov 22, 2022 Credit Suisse INITIATE Underperform
Nov 7, 2022 Goldman Sachs MAINTAIN Sell
Oct 31, 2022 Jefferies MAINTAIN Buy
Sep 13, 2022 Keybanc INITIATE Overweight
Sep 6, 2022 B of A Securities INITIATE Buy
Sep 1, 2022 Citigroup INITIATE Neutral
May 23, 2022 Jefferies MAINTAIN Buy
Dec 2, 2021 Berenberg INITIATE Hold
Aug 6, 2021 RBC Capital MAINTAIN Outperform

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 2026016726%
May 1, 2026017716%
Apr 1, 2026017716%
Mar 1, 2026017716%
Feb 1, 2026018716%
Jan 1, 2026018816%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Jun 5, 2026
short_volume
Short Volume: DBX — 65.9% short (0.5M / 0.8M)
Short: 501,626 | Exempt: 163 | TRF Vol: 761,273 | Short Ratio: 65.9% | Off-exchange volume (dark pool + OTC)
Jun 4, 2026
short_volume
Short Volume: DBX — 56.0% short (0.5M / 0.8M)
Short: 456,042 | Exempt: 123 | TRF Vol: 814,421 | Short Ratio: 56.0% | Off-exchange volume (dark pool + OTC)
Jun 2, 2026
short_volume
Short Volume: DBX — 58.8% short (0.9M / 1.6M)
Short: 939,710 | Exempt: 100 | TRF Vol: 1,599,158 | Short Ratio: 58.8% | Off-exchange volume (dark pool + OTC)
Jun 1, 2026
short_volume
Short Volume: DBX — 56.5% short (1.3M / 2.2M)
Short: 1,251,901 | Exempt: 2,502 | TRF Vol: 2,216,678 | Short Ratio: 56.5% | Off-exchange volume (dark pool + OTC)
May 22, 2026
short_volume
Short Volume: DBX — 56.3% short (0.5M / 0.9M)
Short: 492,141 | Exempt: 0 | TRF Vol: 874,484 | Short Ratio: 56.3% | Off-exchange volume (dark pool + OTC)
May 18, 2026
short_volume
Short Volume: DBX — 58.4% short (1.7M / 2.8M)
Short: 1,655,161 | Exempt: 51 | TRF Vol: 2,832,556 | Short Ratio: 58.4% | Off-exchange volume (dark pool + OTC)
May 15, 2026
short_volume
Short Volume: DBX — 62.7% short (0.7M / 1.1M)
Short: 663,391 | Exempt: 1,235 | TRF Vol: 1,057,326 | Short Ratio: 62.7% | Off-exchange volume (dark pool + OTC)
May 14, 2026
short_volume
Short Volume: DBX — 63.2% short (0.7M / 1.2M)
Short: 740,342 | Exempt: 100 | TRF Vol: 1,170,769 | Short Ratio: 63.2% | Off-exchange volume (dark pool + OTC)
May 13, 2026
short_volume
Short Volume: DBX — 65.1% short (1.0M / 1.5M)
Short: 959,126 | Exempt: 3,941 | TRF Vol: 1,473,948 | Short Ratio: 65.1% | Off-exchange volume (dark pool + OTC)
May 12, 2026
short_volume
Short Volume: DBX — 57.1% short (0.6M / 1.1M)
Short: 600,829 | Exempt: 12,444 | TRF Vol: 1,052,676 | Short Ratio: 57.1% | Off-exchange volume (dark pool + OTC)
May 11, 2026
short_volume
Short Volume: DBX — 58.4% short (1.7M / 2.9M)
Short: 1,688,509 | Exempt: 9,248 | TRF Vol: 2,892,478 | Short Ratio: 58.4% | Off-exchange volume (dark pool + OTC)
May 11, 2026
dark_pool
Dark Pool: DBX — 5.6M shares, 92,855 trades
Week starting 2026-05-11. Total ATS volume: 5,566,624 shares across 92,855 trades.
May 8, 2026
short_volume
Short Volume: DBX — 76.4% short (2.8M / 3.7M)
Short: 2,827,735 | Exempt: 1,859 | TRF Vol: 3,703,030 | Short Ratio: 76.4% | Off-exchange volume (dark pool + OTC)
May 7, 2026
earnings_calendar
DBX Q1 2026 Earnings After Market Close — 2026-05-07
May 7, 2026
short_volume
Short Volume: DBX — 71.1% short (1.2M / 1.7M)
Short: 1,243,633 | Exempt: 0 | TRF Vol: 1,749,204 | Short Ratio: 71.1% | Off-exchange volume (dark pool + OTC)