Dropbox, Inc. (NASDAQ:DBX) Shares Sold by Xponance Inc.

Xponance Inc. decreased its holdings in Dropbox, Inc. (NASDAQ:DBX) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 32,145 shares of the company’s stock after selling 452 shares during the quarter. Xponance Inc.’s holdings in Dropbox were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its holdings in shares of Dropbox by 6.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company’s stock valued at $158,670,000 after purchasing an additional 365,893 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dropbox by 0.6% in the third quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company’s stock valued at $111,368,000 after buying an additional 25,893 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dropbox by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company’s stock worth $87,537,000 after acquiring an additional 117,767 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Dropbox by 15.2% during the 3rd quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock worth $24,007,000 after acquiring an additional 124,528 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Dropbox by 1.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 751,387 shares of the company’s stock worth $19,108,000 after acquiring an additional 9,078 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Price Performance

Shares of NASDAQ DBX opened at $26.50 on Monday. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33. The company has a market capitalization of $8.00 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The firm’s 50-day moving average is $29.36 and its two-hundred day moving average is $27.97.

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

Insider Buying and Selling

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the transaction, the chief financial officer now owns 396,264 shares of the company’s stock, valued at $12,755,738.16. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Houston sold 500,323 shares of Dropbox stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $29.65, for a total value of $14,834,576.95. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $245,106,646.90. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 634,504 shares of company stock worth $18,935,530. 28.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their target price 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.