DBX DROPBOX, INC.
Price Chart
Executive Summary
Dropbox insiders, including CEO Andrew Houston, sold $1.08M in stock over a week following Q1 earnings that showed revenue growth but a 24% drop in net income. The CEO's $974K open-market sale after converting derivatives is the most notable signal, while other C-suite sales are partly tax-withholding related. The cluster is bearish given the CEO's material sale and deteriorating profitability.
Key Financial Metrics
Actionable Insight
The CEO's first open-market sale since 2024 is a cautionary signal, but the dollar amount is small relative to market cap. Monitor for additional insider sales in the next 30 days; if selling continues, it would amplify the bearish read. The Q1 earnings showed a 24% net income decline, which may pressure the stock near-term.
Key Facts
- CEO Andrew Houston sold 37,498 shares for $974K on May 14 after converting derivatives at $0 cost basis.
- Total open-market sales: $1.08M across 4 insiders (CEO, CLO, CTO, CAO, director).
- Tax-withholding sales (non-cash) totaled $1.92M across 5 insiders, tied to vesting events.
- Cluster follows Q1 2026 earnings (May 7): revenue $629.5M (+0.8% YoY), but GAAP net income fell 24% to $114.5M.
- Open-market sales represent ~0.017% of $6.5B market cap, below the 0.1% materiality threshold.
- Historical calibration shows past DBX reports had a 20% win rate at T+20 with avg -6.18% return, suggesting over-scoring risk.
Financial Impact
Open-market insider sales total $1.08M, or 0.017% of market cap — below materiality threshold. Tax-withholding sales of $1.92M are non-cash and routine.
Risk Factors
- CEO sale after derivative conversion could signal peak valuation or personal diversification needs.
- Net income decline of 24% YoY despite revenue growth suggests margin compression or higher interest costs.
- Paying users declining to 18.09M indicates competitive pressure from cloud storage rivals.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DBX-1779226706018 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
6d ago
|
Insider Cluster
| $27.18 $27.38 | ▲ +0.75% | ▲ +3.35% | $27.43 (+0.94%) |
|
Jun 1, 2026
8d ago
|
8-K
| $28.92 $28.16 | ▼ −2.63% | ▼ −2.77% | $27.43 (−5.15%) |
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May 26, 2026
14d ago
|
8-K
| $26.46 $25.97 | ▼ −1.85% | ▼ −1.87% | $27.43 (+3.67%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $27.16 $27.51 | ▲ +1.29% | ▲ +0.84% | $27.43 (+1.00%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $27.16 $27.51 | ▲ +1.29% | ▲ +0.84% | $27.43 (+1.00%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $25.97 $26.19 | ▲ +0.84% | ▲ +0.29% | $27.43 (+5.63%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $27.16 $27.51 | ▼ −1.29% | ▼ −0.84% | $27.43 (−1.00%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $27.16 $27.51 | ▼ −1.29% | ▼ −0.84% | $27.43 (−1.00%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $27.53 $27.16 | ▼ −1.34% | ▼ −1.54% | $27.43 (−0.36%) |
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May 19, 2026
21d ago
|
Insider Cluster
| $27.53 $27.16 | ▲ +1.34% | ▲ +1.54% | $27.43 (+0.36%) |
US Market Status
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