Dropbox CEO Drew Houston to step down (298↑)
Earnings
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi set to take over as CEO. The leadership change hits a stock already under pressure — down 3.4% today — with a mixed-to-bearish consensus (7S/1SS) and 12 insider sells in the last 30 days.
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↓ SHORT-12% target+5% stop2-4 weeks post-announcement
Short DBX into the leadership vacuum — insiders already bailing, consensus skewed sell, and no clear re-rating catalyst from an unproven CEO.