Paulson Wealth Management Inc. Takes $283,000 Position in Dropbox, Inc. $DBX

Paulson Wealth Management Inc. purchased a new position in shares of Dropbox, Inc. (NASDAQ:DBX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,909 shares of the company’s stock, valued at approximately $283,000.

Other large investors have also bought and sold shares of the company. Savant Capital LLC acquired a new stake in Dropbox during the 2nd quarter worth $209,000. Graphene Investments SAS boosted its position in shares of Dropbox by 2.4% in the 2nd quarter. Graphene Investments SAS now owns 116,200 shares of the company’s stock worth $3,323,000 after purchasing an additional 2,700 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Dropbox during the second quarter worth $2,402,000. Castlekeep Investment Advisors LLC bought a new stake in Dropbox in the second quarter valued at about $1,297,000. Finally, Simon Quick Advisors LLC acquired a new position in Dropbox in the second quarter valued at about $512,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dropbox

In other Dropbox news, insider Ashraf Alkarmi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider owned 459,333 shares of the company’s stock, valued at $13,779,990. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Ali Dasdan sold 12,812 shares of Dropbox stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.00, for a total transaction of $384,360.00. Following the completion of the sale, the chief technology officer owned 551,060 shares in the company, valued at $16,531,800. This trade represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 318,698 shares of company stock worth $9,251,159. Corporate insiders own 29.95% of the company’s stock.

Dropbox Stock Down 1.6%

Shares of DBX stock opened at $28.67 on Friday. Dropbox, Inc. has a 12-month low of $24.42 and a 12-month high of $33.33. The firm has a fifty day moving average of $29.77 and a 200-day moving average of $28.73. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 3.84 and a beta of 0.65.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. Dropbox had a negative return on equity of 61.31% and a net margin of 19.17%.The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DBX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Dropbox from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and cut their target price for the stock from $29.00 to $27.00 in a report on Thursday, September 18th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $29.67.

About Dropbox

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.