Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Dropbox director Lisa Campbell sells over $131k in company stock

Published 2024-05-20, 04:12 p/m
DBX
-

In a recent move that caught the attention of investors, Lisa Campbell, a director at Dropbox, Inc. (NASDAQ:DBX), sold a portion of her company stock, generating over $131,000. This transaction took place on May 17, 2024, according to a Form 4 filing with the Securities and Exchange Commission.

Campbell sold 5,539 shares of Dropbox's Class A common stock at a weighted average price of approximately $23.76, ranging from $23.67 to $23.92. The total value of the shares sold by Campbell amounted to approximately $131,581. The sale was executed under a Rule 10b5-1 trading plan, which Campbell had adopted on September 7, 2023.

Prior to this sale, Campbell acquired 10,478 restricted stock units (RSUs) of Dropbox, which are set to vest in full on the earlier of May 16, 2025, or the day before the company's next annual meeting of stockholders. These RSUs represent the right to receive one share of Class A Common Stock per unit upon vesting, as noted in the footnotes of the SEC filing.

Following the sale, Campbell's ownership in Dropbox stands at 22,165 shares of Class A common stock, taking into account both the recent acquisition and disposal of shares. Some of these shares remain as RSUs, which are subject to the company's vesting schedule and may be canceled if Campbell ceases to be a Service Provider before they vest.

Investors and market watchers often keep a close eye on insider transactions, as they may provide valuable insights into the company's performance and the confidence levels of its top executives and directors. Dropbox, known for its cloud storage and collaboration tools, remains a key player in the prepackaged software services industry.

Dropbox shares are publicly traded on the NASDAQ stock exchange under the ticker symbol DBX. The company's business address is located at 1800 Owens Street, Suite 200, San Francisco, CA, 94158.

InvestingPro Insights

As investors digest the news of Lisa Campbell's recent stock sale from Dropbox, Inc. (NASDAQ:DBX), it's worth considering the company's financial health and market performance. According to InvestingPro, Dropbox boasts an impressive gross profit margin of 81.46% for the last twelve months as of Q1 2024, reflecting its ability to maintain profitability. Furthermore, the company's management has been actively engaging in share buybacks, signaling confidence in the company's value and a commitment to returning capital to shareholders.

Dropbox's market capitalization stands at $7.89 billion, with a price-to-earnings (P/E) ratio of 15.55, indicating that the company is being traded at a reasonable valuation relative to its earnings. The company's revenue growth over the last twelve months has been steady at 6.24%, showcasing its ability to expand its business in a competitive market.

For those looking to delve deeper into Dropbox's financials and market potential, there are additional InvestingPro Tips available. Notably, analysts have revised their earnings upwards for the upcoming period, and the valuation implies a strong free cash flow yield, both of which are promising indicators for potential investors. To explore these insights further, including tips on Dropbox's low price volatility and predictions on profitability, consider using the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. There are a total of 9 additional tips listed for Dropbox on InvestingPro, offering a comprehensive analysis for informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.