However, Q3 results, released on 25 October, showed that the group’s financial performance has been strong recently, with Q3 net sales rising 18% and EBITA surging 29%. While shares in Lifco have risen around 37% year to date, the stock hasn’t escaped the recent market volatility and has fallen to SEK 374 recently, down from above SEK 400 in late September. The stock is listed on the Stockholm Stock Exchange and currently has a market capitalisation of SEK 32.9 billion. With a long-term focus, its goal is to improve its subsidiaries’ earnings and deliver cash flows, and its portfolio currently includes around 100 companies in 30 countries. Lifco AB is a Swedish investment company that is engaged in the acquisition and development of small and medium-sized niche businesses. Given this pattern of consistent selling, we believe Dropbox shares should be avoided for now. Those selling include top-level insiders such as Chairman/CEO Andrew Houston, ex-COO Woodside, CFO Ajay Vashee and Chief Accounting Officer Timothy Regan, who have all sold several tranches of stock despite the share price falling. Since late August, we have seen a number of key directors offload significant amounts of stock in Dropbox, and we see this as a bearish signal. Looking at recent insider transaction activity, the outlook for Dropbox shares does not look good, in our view. So, what is the outlook for Dropbox shares from here? Will the stock rebound or is it likely to fall further? Currently, the stock is trading at $24.30, just 11% above the IPO price. However, since then, the shares have declined significantly after Dropbox’s IPO lock-up agreement expired in late August, COO Dennis Woodside stepped down, and shorters have increased their positions in the stock. Listing at $21 per share, the stock immediately surged higher and rose all the way to $42 in June as investors pumped capital into the technology sector.

The stock is listed on the NASDAQ and currently has a market capitalisation of $9.5 billion.ĭropbox shares have had a volatile run since the company’s IPO in March 2018. Its Dropbox platform, which has over 500 million registered users, enables users to create, access, organise and share content without taking up space on local hard drives.

Dropbox Inc is a technology company that provides online file storage and collaboration services.

Dropbox stock code