This insider selling cluster is too small relative to market cap to warrant a bearish read. CEO Houston's $834K sale is routine for a $6.4B company. Monitor the next 10-Q for any fundamental deterioration, but this filing alone provides no actionable signal.
Price Chart
Executive Summary
Seven Dropbox insiders, including CEO Andrew Houston, sold a total of $1.35M in shares over a one-week window. CEO Houston alone accounted for $834K (62% of the total). The cluster is 100% open-market sales with zero purchases, and the dollar value is ~0.02% of the $6.4B market cap — well below the 0.1% materiality threshold. Per the insider sales literature, cluster sales are not predictive of future returns, especially at this trivial scale relative to market cap.
Key Financial Metrics
Key Facts
- 7 insiders sold shares totaling $1.35M, with CEO Andrew Houston selling $834K
- No insider purchases in the cluster — 100% selling
- Total sales represent ~0.02% of Dropbox's $6.4B market cap
- All sales were open-market (code S), not tax-withholding or derivative exercises
- Recent 30-day insider activity shows 5 sells totaling $1.1M prior to this cluster
Financial Impact
$1.35M in insider sales, representing 0.02% of market cap — economically trivial
Risk Factors
- Insider selling could accelerate if fundamentals weaken, but current volume is routine
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DBX-1779828260025 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $37.48 | awaiting T+20 | — | $37.30 (+0.48%) |
Oct 19, 2026 7d ago | Insider Cluster | $35.94 | awaiting T+20 | — | $37.30 (−3.78%) |
Oct 5, 2026 21d ago | Insider Cluster | $33.73 | awaiting T+20 | — | $37.30 (+10.58%) |
Sep 17, 2026 5w ago | Insider Cluster | $36.48 $35.57 | ▲ +2.49% | ▲ +2.70% | $37.30 (−2.25%) |
Sep 15, 2026 5w ago | Insider Cluster | $37.74 $35.62 | ▲ +5.62% | ▲ +7.68% | $37.30 (+1.17%) |
Sep 14, 2026 6w ago | Insider Cluster | $37.63 $35.60 | ▲ +5.39% | ▲ +8.37% | $37.30 (+0.88%) |
Sep 9, 2026 6w ago | Insider Cluster | $35.05 $34.14 | ▼ −2.60% | ▼ −4.97% | $37.30 (+6.42%) |
Aug 19, 2026 9w ago | Insider Cluster | $34.00 $36.48 | ▲ +7.29% | ▲ +7.29% | $37.30 (+9.71%) |
Aug 4, 2026 11w ago | Insider Cluster | $35.00 $34.50 | ▼ −1.43% | ▼ −0.83% | $37.30 (+6.57%) |
Jul 17, 2026 14w ago | Insider Cluster | $30.62 $34.28 | ▲ +11.95% | ▲ +7.50% | $37.30 (+21.82%) |
US Market Status
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