Mirae Asset Global Investments Co. Ltd. Makes New $1.93 Million Investment in Dropbox, Inc. $DBX

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,093 shares of the company’s stock, valued at approximately $1,933,000.

Several other institutional investors have also recently made changes to their positions in DBX. Elevation Wealth Partners LLC grew its position in shares of Dropbox by 63.0% in the third quarter. Elevation Wealth Partners LLC now owns 1,363 shares of the company’s stock valued at $46,000 after purchasing an additional 527 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Dropbox by 68.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,052 shares of the company’s stock valued at $47,000 after purchasing an additional 831 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Dropbox by 166.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $89,000 after purchasing an additional 1,635 shares during the period. Signaturefd LLC raised its stake in shares of Dropbox by 103.4% during the 3rd quarter. Signaturefd LLC now owns 5,616 shares of the company’s stock valued at $190,000 after purchasing an additional 2,855 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Dropbox during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Stock Performance

Shares of NASDAQ:DBX opened at $34.66 on Friday. The firm has a market capitalization of $7.82 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62. Dropbox, Inc. has a 52-week low of $21.69 and a 52-week high of $38.22. The firm has a fifty day moving average of $35.29 and a 200 day moving average of $29.25.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.15. Dropbox had a negative return on equity of 22.88% and a net margin of 17.17%. The firm had revenue of $637.30 million during the quarter, compared to analyst estimates of $629.59 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that Dropbox, Inc. will post 2.33 EPS for the current fiscal year.

Insider Activity at Dropbox

In other Dropbox news, CFO Ross Tennenbaum sold 97,558 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $35.02, for a total value of $3,416,481.16. Following the completion of the sale, the chief financial officer owned 690,666 shares of the company’s stock, valued at $24,187,123.32. This represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric T. Webster sold 15,830 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $34.09, for a total transaction of $539,644.70. Following the transaction, the insider owned 416,236 shares in the company, valued at $14,189,485.24. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,331,268 shares of company stock worth $46,553,783 in the last quarter. 35.48% of the stock is owned by company insiders.

Key Dropbox News

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Dropbox reported Q3 adjusted EPS of $0.88 versus estimates of $0.73 and revenue of $637.3 million versus $629.6 million expected. Q4 revenue guidance of $630 million–$633 million also topped the $628.4 million consensus. Q3 earnings and revenue top estimates
• Positive Sentiment: RBC raised its price target to $48 from $42 and maintained an Outperform rating, signaling improved analyst confidence. RBC raises Dropbox price target
• Positive Sentiment: Dropbox plans to acquire Tigris Data for $350 million to build out AI infrastructure and introduce DBX Agent Cloud. Management expects the deal to close in Q4 2026 and has indicated 150 basis points of operating-margin expansion in 2027. Dropbox to acquire Tigris Data Margin expansion outlook
• Neutral Sentiment: CEO Andrew Houston sold 383,800 shares under a pre-arranged Rule 10b5-1 trading plan; the planned nature of the sale makes its signal less clear. CEO share sale
• Negative Sentiment: Revenue increased just 0.5% year over year, highlighting the modest underlying growth rate. The $350 million Tigris purchase also brings investment and integration risks as Dropbox pursues its AI strategy.

Wall Street Analyst Weigh In

Several research analysts have commented on DBX shares. Zacks Research upgraded Dropbox from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. William Blair upgraded Dropbox from an “underperform” rating to a “market perform” rating in a research report on Friday, August 7th. Royal Bank Of Canada upped their price target on Dropbox from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup downgraded shares of Dropbox from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $33.00 to $29.00 in a report on Thursday, September 24th. Finally, Wall Street Zen upgraded shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $33.40.

About Dropbox

Dropbox, Inc (NASDAQ: DBX) is a software company that provides cloud-based tools for storing, organizing, sharing and collaborating on files. Its platform enables individuals, businesses and teams to access documents, photos and other content across connected devices, synchronize files and manage shared workflows.

The company’s offerings include Dropbox for cloud storage and file collaboration, Dropbox Paper for shared documents and project work, Dropbox Sign for electronic signatures, and DocSend for securely sharing and tracking business documents.