Tudor Investment Corp ET AL Makes New Investment in Dropbox, Inc. (NASDAQ:DBX)

Tudor Investment Corp ET AL acquired a new position in Dropbox, Inc. (NASDAQ:DBX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 247,662 shares of the company's stock, valued at approximately $7,440,000. Tudor Investment Corp ET AL owned 0.08% of Dropbox as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. American Trust bought a new position in Dropbox in the third quarter worth about $271,000. Retirement Systems of Alabama raised its position in shares of Dropbox by 15.2% in 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. DGS Capital Management LLC lifted its stake in shares of Dropbox by 22.5% in the 3rd quarter. DGS Capital Management LLC now owns 13,767 shares of the company's stock valued at $350,000 after purchasing an additional 2,532 shares during the period. GAMMA Investing LLC grew its stake in Dropbox by 122.9% in the fourth quarter. GAMMA Investing LLC now owns 6,436 shares of the company's stock worth $193,000 after purchasing an additional 3,548 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Dropbox in the fourth quarter worth $3,205,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

Dropbox Price Performance

DBX stock traded up $0.45 on Monday, reaching $29.06. 1,366,600 shares of the company traded hands, compared to its average volume of 3,623,845. The firm has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $28.45. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.33. The company has a market cap of $8.77 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11). The firm had revenue of $643.60 million for the quarter, compared to analysts' expectations of $638.61 million. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. On average, sell-side analysts forecast that Dropbox, Inc. will post 1.64 EPS for the current year.

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 company a "hold" rating in a report on Monday, January 6th.

Insider Buying and Selling

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction dated Friday, February 7th. The shares were 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 in the company, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.30, for a total transaction of $99,019.50. Following the completion of the sale, the insider now directly owns 309,550 shares of the company's stock, valued at approximately $8,141,165. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,765 shares of company stock worth $383,995 in the last three months. Insiders own 28.59% of the company's stock.

Dropbox Company 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.