Dropbox, Inc. (NASDAQ:DBX) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,100 shares of the company's stock after buying an additional 40,500 shares during the quarter. Two Sigma Advisers LP's holdings in Dropbox were worth $3,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DBX. True Wealth Design LLC increased its stake in Dropbox by 191.0% during the fourth quarter. True Wealth Design LLC now owns 1,036 shares of the company's stock worth $31,000 after acquiring an additional 680 shares during the last quarter. Strategic Global Advisors LLC acquired a new position in shares of Dropbox during the 4th quarter worth about $2,175,000. SGL Investment Advisors Inc. acquired a new position in shares of Dropbox during the 4th quarter worth about $513,000. Rafferty Asset Management LLC boosted its position in shares of Dropbox by 9.5% during the 4th quarter. Rafferty Asset Management LLC now owns 20,088 shares of the company's stock worth $603,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Dropbox by 34.2% in the 4th quarter. Quantinno Capital Management LP now owns 406,076 shares of the company's stock valued at $12,199,000 after purchasing an additional 103,392 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company's stock.

Dropbox Stock Performance

Shares of DBX traded up $0.03 during trading hours on Friday, hitting $28.70. The stock had a trading volume of 403,749 shares, compared to its average volume of 3,573,462. The firm has a market cap of $8.08 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.70 and a beta of 0.68. The company's fifty day simple moving average is $27.89 and its 200 day simple moving average is $28.76. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The business had revenue of $624.70 million for the quarter, compared to analyst estimates of $619.56 million. During the same period last year, the company posted $0.58 EPS. The business's quarterly revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Dropbox

In related news, insider William T. Yoon sold 5,449 shares of Dropbox stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $28.94, for a total value of $157,694.06. Following the completion of the transaction, the insider now directly owns 245,837 shares in the company, valued at approximately $7,114,522.78. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $26.57, for a total value of $66,425.00. Following the completion of the transaction, the chief financial officer now owns 367,791 shares of the company's stock, valued at $9,772,206.87. This trade represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,027 shares of company stock valued at $855,036 over the last three months. 28.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DBX. UBS Group upped their price objective on Dropbox from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Citigroup increased their target price on Dropbox from $30.00 to $32.00 and gave the company a "neutral" 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.