Aristeia Capital L.L.C. Takes Position in Dropbox, Inc. (NASDAQ:DBX)

Aristeia Capital L.L.C. purchased a new position in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 88,500 shares of the company's stock, valued at approximately $2,659,000.

A number of other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dropbox by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock valued at $156,955,000 after purchasing an additional 1,440,887 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Dropbox by 291.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,797,823 shares of the company's stock valued at $54,007,000 after acquiring an additional 1,338,234 shares during the period. LSV Asset Management lifted its stake in shares of Dropbox by 24.0% during the 4th quarter. LSV Asset Management now owns 6,446,121 shares of the company's stock worth $193,641,000 after acquiring an additional 1,245,563 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Dropbox during the 4th quarter worth $25,375,000. Finally, Norges Bank purchased a new stake in shares of Dropbox during the 4th quarter worth $20,482,000. 94.84% of the stock is owned by institutional investors and hedge funds.

Dropbox Stock Performance

Shares of Dropbox stock traded up $0.32 during trading on Thursday, hitting $29.73. 1,841,341 shares of the company's stock were exchanged, compared to its average volume of 3,623,184. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.33. The business has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $28.48.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity at Dropbox

In other Dropbox news, insider Eric Cox sold 3,765 shares of the 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 transaction, the insider now owns 309,550 shares of the company's stock, valued at $8,141,165. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $28.29, for a total transaction of $70,725.00. Following the completion of the sale, the chief financial officer now owns 562,568 shares in the company, valued at approximately $15,915,048.72. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,765 shares of company stock valued at $383,995 over the last quarter. Insiders own 29.95% of the company's stock.

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.