If you are bullish on Dropbox's business prospects, now may be a good time to start a position with the stock down so much from the start of November. (DBX) TWLO, CRM, OKTA WDAY AMZN MSFT AAPL SMAR IBM ORCL GOOG 13 Comments 6 Likes Main Street Investor 3.9K Follower s Follow Summary Dropbox has been. #Dropbox stock date freePlus, with consistent share repurchases, which hit $181 million last quarter, Dropbox's share count should be down considerably over the next few years, which will increase free cash flow per share. At current prices, that would give the stock a single-digit P/FCF of 9. Keep remote and distributed teams, and your entire organization, focused on their goals, projects, and tasks with Asana. #Dropbox stock date updateLonger-term, Dropbox thinks it can hit $1 billion in annual free cash flow by 2024. Dropbox Stock - Financial Update (DBX Stock Analysis)My Dropbox stock investment is up 45 since buying in December last year. Management is guiding for $715 million in free cash flow this year, which would give the stock a price-to-free cash flow (P/FCF) ratio of 12.5, significantly below the market average. In fact, the stock has never challenged its all-time highs and is down roughly 4 since its 2018 debut. The stock ran higher to an all-time high of around 40 per share within a few months of its public debut but has since lost all momentum. Now whatĭropbox has a market cap of $9 billion. Dropbox became a public company in early 2018 at 29 per share. Either way, Dropbox stock is down significantly from the beginning of last month, even though its quarterly report beat expectations. Following the completion of the sale, the president now directly owns 1,554,623 shares of the companys stock, valued at 31,185,737.38. The shares were sold at an average price of 20.06, for a transaction totalling 300,900.00. There also could have been some profit-taking from traders with a shorter-term time horizon, as Dropbox stock was up approximately 30% year to date when it released its Q3 results. Young sold 15,000 shares of the businesss stock in a transaction on Friday, September 23rd. We can probably chalk this up to broad market selling pressure in technology and high-growth stocks, which Dropbox tends to get grouped into. With all these positive indicators, it's a bit surprising what Dropbox tanked almost 20% last month.
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