Published on 19 Mar 2024 on GuruFocus.com via Yahoo Finance
Dropbox Inc's Chief Legal Officer Bart Volkmer Sells Company Shares
Dropbox Inc (NASDAQ:DBX), a leading global collaboration platform that's transforming the way people and teams work together, has reported an insider sale according to a recent SEC filing. Chief Legal Officer Bart Volkmer sold 7,039 shares of the company on March 15, 2024.Bart Volkmer has been active in the market over the past year, selling a total of 104,234 shares and making no purchases of the company's stock during that time. The recent transaction was disclosed in an SEC Filing on the specified date.
The insider transaction history for Dropbox Inc (NASDAQ:DBX) indicates a pattern of insider sales, with 45 insider sells recorded over the past year and no insider buys during the same period.On the valuation front, Dropbox Inc (NASDAQ:DBX) shares were trading at $24.02 each on the day of the insider's recent sale, resulting in a market capitalization of $8.437 billion. The price-earnings ratio of the company stands at 18.58, which is below the industry median of 27.93 and also below the historical median price-earnings ratio for Dropbox Inc.