Clarius Group LLC Has $262,000 Stock Position in Dropbox, Inc. (NASDAQ:DBX)

Clarius Group LLC cut its position in Dropbox, Inc. (NASDAQ:DBX) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,720 shares of the company’s stock after selling 375 shares during the quarter. Clarius Group LLC’s holdings in Dropbox were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Dropbox in the third quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in Dropbox in the 3rd quarter valued at approximately $31,000. UMB Bank n.a. increased its position in Dropbox by 2,479.4% in the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after buying an additional 1,686 shares during the period. Quarry LP increased its position in Dropbox by 81.1% in the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after buying an additional 880 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Dropbox by 133.3% during the third quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after buying an additional 1,650 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Dropbox Price Performance

Shares of DBX stock opened at $30.59 on Monday. The stock has a market cap of $9.47 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. The stock has a fifty day moving average price of $29.19 and a 200 day moving average price of $26.06. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.43.

Insider Activity

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $25.71, for a total transaction of $64,275.00. Following the sale, the chief financial officer now directly owns 464,247 shares of the company’s stock, valued at approximately $11,935,790.37. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Cox sold 2,330 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.41, for a total value of $61,535.30. Following the completion of the transaction, the insider now directly owns 321,871 shares of the company’s stock, valued at approximately $8,500,613.11. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 822,069 shares of company stock worth $24,219,976. Corporate insiders own 26.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dropbox has an average rating of “Hold” and an average target price of $27.50.

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.