Kera Capital Partners Inc. Invests $258,000 in Dropbox, Inc. (NASDAQ:DBX)

Kera Capital Partners Inc. purchased a new stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,662 shares of the company's stock, valued at approximately $258,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. LSV Asset Management increased 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 purchasing an additional 1,245,563 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Dropbox by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock worth $156,955,000 after purchasing an additional 1,440,887 shares during the last quarter. AQR Capital Management LLC increased its position in Dropbox by 3.0% in the fourth quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company's stock worth $99,842,000 after buying an additional 97,551 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Dropbox by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company's stock worth $87,537,000 after buying an additional 117,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Dropbox by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,646,502 shares of the company's stock worth $79,505,000 after buying an additional 82,284 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dropbox

In other news, Director Karen Peacock sold 7,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $28.53, for a total transaction of $199,710.00. Following the completion of the transaction, the director now directly owns 25,295 shares in the company, valued at $721,666.35. The trade was a 21.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $26.94, for a total value of $67,350.00. Following the transaction, the chief financial officer now owns 565,068 shares of the company's stock, valued at approximately $15,222,931.92. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,027 shares of company stock valued at $855,036. Corporate insiders own 28.59% of the company's stock.

Dropbox Stock Performance

Dropbox stock traded up $0.07 during mid-day trading on Friday, reaching $28.74. The company's stock had a trading volume of 3,236,382 shares, compared to its average volume of 3,496,275. 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 $8.09 billion, a P/E ratio of 20.38, a PEG ratio of 1.70 and a beta of 0.68. The firm's fifty day moving average price is $27.92 and its two-hundred day moving average price is $28.77.

Dropbox (NASDAQ:DBX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $624.70 million during the quarter, compared to analysts' expectations of $619.56 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. On average, research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DBX shares. Citigroup lifted their price objective on Dropbox from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. UBS Group lifted their price objective on Dropbox from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, May 9th.

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.