Dropbox co-CEO Andrew Houston sells $1.04m in stock

Dropbox co-CEO Andrew Houston sold 29,500 shares of the company's Class A Common Stock on October 12, 2026, for a total value of $1,035,234. The sale, executed under a Rule 10b5-1 trading plan, occurred as Dropbox stock was near its 52-week high of $38.17, following a 50% surge over the past six months. Despite the sale, Dropbox reported strong Q2 2026 earnings, surpassing Wall Street expectations with adjusted earnings of $0.75 per share and revenue of $631.5 million.

However, the company also faced a data breach affecting about 5,000 accounts, which has led to mixed analyst reactions, with William Blair upgrading the stock to Market Perform and BofA Securities raising its price target to $30 while maintaining an Underperform rating.

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