Smith Group Asset Management LLC trimmed its stake in Dropbox, Inc. (NASDAQ:DBX – Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,950 shares of the company’s stock after selling 1,800 shares during the period. Smith Group Asset Management LLC’s holdings in Dropbox were worth $1,350,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Dropbox by 23.2% during the 4th quarter. Blue Trust Inc. now owns 3,616 shares of the company’s stock valued at $109,000 after purchasing an additional 682 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Dropbox by 35.6% during the fourth quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock valued at $54,000 after buying an additional 472 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of Dropbox by 34.9% in the fourth quarter. DGS Capital Management LLC now owns 18,577 shares of the company’s stock worth $558,000 after buying an additional 4,810 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Dropbox by 291.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 124,991 shares of the company’s stock valued at $3,755,000 after acquiring an additional 93,058 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Dropbox during the 4th quarter valued at about $656,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Andrew Houston sold 500,323 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $29.65, for a total transaction of $14,834,576.95. Following the sale, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at $245,106,646.90. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $27.17, for a total transaction of $67,925.00. Following the transaction, the chief financial officer now owns 436,264 shares of the company’s stock, valued at $11,853,292.88. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 900,068 shares of company stock valued at $26,648,755. Corporate insiders own 26.40% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Dropbox
Dropbox Price Performance
Shares of NASDAQ:DBX opened at $32.68 on Wednesday. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43. The stock’s 50-day moving average is $29.76 and its 200 day moving average is $26.51. The company has a market cap of $10.12 billion, a PE ratio of 18.89, a P/E/G ratio of 1.58 and a beta of 0.61.
Dropbox (NASDAQ:DBX – Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). The business had revenue of $638.80 million for the quarter, compared to the consensus estimate of $636.93 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. During the same quarter in the prior year, the company earned $0.35 EPS. Analysts expect that Dropbox, Inc. will post 1.49 EPS for the current fiscal year.
Dropbox Profile
Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.
See Also
- Five stocks we like better than Dropbox
- Health Care Stocks Explained: Why You Might Want to Invest
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Why Salesforce Stock Could Be at Fresh Highs by February
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Talos Energy: Time to Take a Plunge Ahead of New CEO Appointment?
Want to see what other hedge funds are holding DBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dropbox, Inc. (NASDAQ:DBX – Free Report).
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.