Dropbox CAO Sarah Schubach sells $65,893 of stock

Sarah Elizabeth Schubach, Chief Accounting Officer at Dropbox, Inc. (NASDAQ:DBX), sold 2,025 shares of the company’s Class A Common Stock on September 30, 2026. The transaction, executed at a price of $32.54 per share, totaled $65,893. The stock has since climbed to $35.57, reflecting a strong 46.6% gain over the past six months for the $7.95 billion cloud storage company.

The sale was carried out pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Schubach on June 4, 2026. Following this transaction, Ms. Schubach beneficially owns 132,809 shares of Dropbox Class A Common Stock. A portion of these holdings consists of restricted stock units, which represent the right to receive one share of Class A Common Stock, subject to a vesting schedule extending through February 15, 2030. InvestingPro analysis suggests Dropbox remains undervalued at current levels, with the platform’s Fair Value estimate indicating additional upside potential. The company maintains impressive gross profit margins of nearly 80% and earns a "GREAT" financial health score. Subscribers can access 7 additional InvestingPro Tips for deeper insights into DBX’s investment potential.

In other recent news, Dropbox reported its second-quarter 2026 earnings, which slightly surpassed Wall Street expectations. The company posted adjusted earnings of $0.75 per share on revenue of $631.5 million, compared to forecasts of $0.74 per share and $626.73 million in revenue. Despite these results, the stock experienced a decline in after-hours trading as investors considered the company’s slow revenue growth. Meanwhile, Dropbox faced a security challenge as hackers breached approximately 5,000 user accounts, accessing data on less than a third of them. The company has informed regulators and affected users about the breach. On the analyst front, William Blair upgraded Dropbox to Market Perform, citing a reacceleration in its core business and improved user metrics. BofA Securities also raised its price target for Dropbox to $30, maintaining an Underperform rating. These developments reflect a mix of challenges and opportunities for Dropbox in the current landscape.