News
Chief Legal Officer Bart Volkmer Sells 6,894 Shares of Dropbox Inc (DBX)
On May 16, 2024, Bart VolkmerGeneral Counsel at Dropbox Inc (NASDAQ:DBX), sold 6,894 company shares. The transaction was registered on the same day with the SEC. Following this transaction, the insider sold a total of 97,260 shares last year, with no purchases recorded.
Dropbox Inc (NASDAQ:DBX) is a leading global collaboration platform that is transforming the way people and teams work together. With more than 500 million registered users in 180 countries, Dropbox is on a mission to create a more enlightened way of working.
On the date of the sale, Dropbox Inc shares were priced at US$23.72. The company market value was approximately US$7.63 billion. O price-earnings ratio for Dropbox Inc is 15.72, which is lower than the industry median of 26.985 and also lower than the company’s historical median.
According to FG ValueDropbox Inc’s intrinsic value is estimated at $29.15 per share, making the stock modestly undervalued with a GF price-to-value ratio of 0.81.
Insider Selling: Chief Legal Officer Bart Volkmer Sells 6,894 Shares of Dropbox Inc (DBX)
The GF value is calculated by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-to-book cash flow, adjusted by a GuruFocus factor based on past returns and growth, and supplemented by Future business performance estimates from Morningstar analysts.
Last year, there were no insider purchases and 46 insider sales at Dropbox Inc, indicating a trend where insiders are choosing to sell shares.
Insider Selling: Chief Legal Officer Bart Volkmer Sells 6,894 Shares of Dropbox Inc (DBX)
This recent transaction by an insider may be of interest to current and potential investors by providing insights into insider confidence and stock valuation perceptions in Dropbox Inc.
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This article first appeared in GuruFocus.