13,197 Shares in Dropbox, Inc. (NASDAQ:DBX) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in Dropbox, Inc. (NASDAQ:DBX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,197 shares of the company's stock, valued at approximately $396,000.

Several other institutional investors also recently modified their holdings of DBX. LSV Asset Management increased its stake in shares of Dropbox by 24.0% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 valued at $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% during the fourth quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company's stock valued at $99,842,000 after acquiring an additional 97,551 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dropbox by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company's stock valued at $87,537,000 after buying an additional 117,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 82,284 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dropbox

In other Dropbox news, insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction dated 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 owns 309,550 shares of the company's stock, valued at approximately $8,141,165. The trade was a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.19, for a total value of $80,475.00. Following the completion of the transaction, the chief financial officer now directly owns 396,264 shares in the company, valued at $12,755,738.16. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,765 shares of company stock valued at $383,995. 29.95% of the stock is currently owned by corporate insiders.

Dropbox Stock Up 0.9 %

DBX traded up $0.26 on Thursday, reaching $29.67. 4,789,075 shares of the company traded hands, compared to its average volume of 3,632,741. The firm has a fifty day simple moving average of $26.94 and a two-hundred day simple moving average of $28.48. 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 $8.95 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68.

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

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.