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Karen Peacock, a director at Dropbox Inc. (NASDAQ:DBX), recently sold 7,000 shares of the company’s Class A common stock. The company, currently valued at $8.03 billion, has maintained impressive gross profit margins of 82% and received a "GOOD" financial health rating from InvestingPro. The transaction, executed on May 27, 2025, was part of a pre-arranged trading plan under Rule 10b5-1, adopted by Peacock earlier this year. The shares were sold at a weighted average price of $28.53, with prices ranging from $28.18 to $28.89, totaling approximately $199,686. According to InvestingPro analysis, the stock appears undervalued based on their proprietary Fair Value model, with management actively buying back shares. Discover 8 more exclusive insights and a comprehensive Pro Research Report available on InvestingPro.
Following this sale, Peacock retains ownership of 25,295 shares, some of which are restricted stock units subject to vesting conditions. These units are scheduled to vest by May 15, 2026, or the day before Dropbox’s next annual stockholder meeting. If Peacock ceases to be a service provider, any unvested units will be canceled by the company.
In other recent news, Dropbox reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.70, compared to the forecasted $0.63. However, the company fell slightly short on revenue, reporting $624.7 million against a forecast of $630.83 million. Despite the earnings beat, Dropbox’s revenue saw a 1% year-over-year decline. RBC Capital Markets maintained its positive stance on Dropbox, raising the price target from $32.00 to $35.00, while Citi analysts adjusted their price target to $32.00, maintaining a Neutral stance. RBC Capital emphasized Dropbox’s robust top-of-funnel activity and improving retention efforts, while Citi noted the company’s solid financial performance and significant increase in EBIT to $22.4 million. Analysts have highlighted the importance of Dropbox’s new initiative, Dash, as a potential growth driver, though they adopt a cautious ’wait-and-see’ approach regarding its impact. Dropbox has maintained its revenue guidance for the fiscal year 2025 on a constant currency basis, slightly increasing its reported revenue guidance by $10 million. The company continues to anticipate a decline in paying users by approximately 300,000 by the end of 2025, with ongoing investments in the Dash platform.
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