Dropbox A

Dropbox reported a hack in which around 5,000 user accounts were compromised via a vulnerability in the Lenovo ID single sign-on integration between August 4 and 21. In fewer than a third of the cases files were viewed or downloaded. The company secured affected accounts, notified authorities, and adjusted access through Lenovo IDs. The disclosure compounded analysts’ existing skepticism over stagnant revenue and leadership changes and pushed the stock down about 1.8% in after-hours trading. » More on de.investing.com

Dropbox shares rose to a 52-week high of $36.30 and have gained 43.6% over the past six months. The company reported adjusted Q2 earnings of $0.75 per share on revenue of $631.5 million, beating analyst expectations. Despite the stock's rise, comments indicating slower revenue growth tempered sentiment in after-hours trading. William Blair upgraded its rating to market perform, while BofA raised its price target to $30 but maintained an underperform rating. » More on de.investing.com

Eric T. Webster sold 30,650 Class A shares on August 18 for a weighted average price of $34.25, generating about $1.0 million; roughly 48% of the shares were withheld for taxes and the remainder were open-market sales. Webster still directly holds about 416,236 shares and has restricted stock units that vest through November 2029. The filing showed no trading plan for the open-market sales; the transaction occurred amid Dropbox's reorganization and recent margin guidance raise, with Q2 paid users and Teams license growth improving and Q3 revenue guided to $627 million–$630 million. » More on finance.yahoo.com