Dropbox, Inc. $DBX Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 266,199 shares of the company’s stock after purchasing an additional 18,814 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dropbox were worth $7,400,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in Dropbox by 38.1% in the 3rd quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after purchasing an additional 3,205,140 shares during the period. Allianz Asset Management GmbH boosted its stake in Dropbox by 47.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock worth $64,164,000 after purchasing an additional 686,577 shares during the period. Northern Trust Corp boosted its stake in Dropbox by 29.1% in the 3rd quarter. Northern Trust Corp now owns 2,488,077 shares of the company’s stock worth $75,165,000 after purchasing an additional 560,694 shares during the period. Thrivent Financial for Lutherans boosted its stake in Dropbox by 1,067.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 539,470 shares of the company’s stock worth $16,298,000 after purchasing an additional 493,271 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Dropbox by 22.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,518,534 shares of the company’s stock worth $70,015,000 after purchasing an additional 463,258 shares during the period. 94.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on DBX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective on shares of Dropbox from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada raised their price objective on shares of Dropbox from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen downgraded shares of Dropbox from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, UBS Group cut their target price on shares of Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, February 20th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $26.67.

Insider Activity

In other Dropbox news, CEO Andrew Houston sold 111,166 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.89, for a total value of $2,544,589.74. Following the sale, the chief executive officer directly owned 8,266,666 shares in the company, valued at $189,223,984.74. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ashraf Alkarmi sold 12,472 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $26.00, for a total transaction of $324,272.00. Following the completion of the sale, the insider owned 414,661 shares in the company, valued at $10,781,186. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 249,288 shares of company stock worth $5,994,652. Insiders own 35.48% of the company’s stock.

Dropbox Trading Up 15.0%

Dropbox stock opened at $28.90 on Friday. The company has a market capitalization of $6.97 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.04 and a beta of 0.64. The firm’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $26.53. Dropbox, Inc. has a 1-year low of $21.69 and a 1-year high of $32.40.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The business had revenue of $629.50 million for the quarter, compared to the consensus estimate of $620.56 million. Dropbox had a net margin of 18.71% and a negative return on equity of 32.27%. Dropbox’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. On average, equities research analysts predict that Dropbox, Inc. will post 2.03 earnings per share for the current year.

More Dropbox News

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Dropbox reported Q1 FY2026 EPS of $0.76, topping the $0.71 consensus, while revenue of $629.5 million also beat expectations. Management said results came in above the high end of guidance, which is helping sentiment. Dropbox Announces First Quarter 2026 Results
• Positive Sentiment: The company raised its full-year outlook, forecasting 2026 revenue of $2.497 billion to $2.512 billion and unlevered free cash flow of at least $1.055 billion, which strengthens the investment case around profitability and cash generation. Dropbox forecasts 2026 revenue of $2.497B-$2.512B while raising unlevered free cash flow to at or above $1.055B
• Positive Sentiment: Dropbox said paying users rose unexpectedly and highlighted repeat AI engagement in “Dash,” suggesting its product improvements may be improving retention and supporting future revenue growth. DBX Q1 Earnings Beat Estimates, Revenues Rise on Strong Retention
• Positive Sentiment: Royal Bank of Canada raised its price target on Dropbox to $32 from $30 and reiterated an outperform rating, signaling improving analyst confidence after the earnings report. Royal Bank of Canada price target raise
• Neutral Sentiment: Dropbox also guided Q2 revenue to $624 million to $627 million, above the $621.5 million consensus, but the company did not provide a clear EPS guide in the latest update.
• Negative Sentiment: Insider selling by CAO Sarah Elizabeth Schubach was disclosed, though it was made under a pre-arranged 10b5-1 plan and appears routine rather than a major red flag. SEC Form 4 — Insider Sale

Dropbox Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.