Vision Financial Markets LLC Acquires Shares of 1,750 Dropbox, Inc. (NASDAQ:DBX)

Vision Financial Markets LLC purchased a new stake in Dropbox, Inc. (NASDAQ:DBX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,750 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Dropbox during the 3rd quarter worth $28,000. Avion Wealth grew its position in Dropbox by 4,472.7% during the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock worth $30,000 after acquiring an additional 984 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Dropbox during the 4th quarter worth $40,000. Allworth Financial LP grew its position in Dropbox by 33.5% during the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in Dropbox by 39.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company’s stock worth $52,000 after acquiring an additional 482 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Insider Activity

In other news, CEO Andrew Houston sold 137,499 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $30.05, for a total value of $4,131,844.95. Following the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $248,413,313.30. The trade was a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy Regan sold 10,000 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 value of $296,500.00. Following the completion of the transaction, the chief financial officer now directly owns 403,764 shares in the company, valued at $11,971,602.60. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 772,003 shares of company stock valued at $23,067,375 in the last ninety days. 28.59% of the stock is owned by company insiders.

Dropbox Stock Performance

Shares of DBX opened at $26.32 on Thursday. The company has a market capitalization of $7.94 billion, a PE ratio of 18.67, a PEG ratio of 1.70 and a beta of 0.77. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.33. The stock’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $27.81.

Dropbox (NASDAQ:DBX) last announced its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11). The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Equities research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price objective on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th.

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.