Susquehanna Fundamental Investments LLC Invests $9.66 Million in Dropbox, Inc. (NASDAQ:DBX)

Susquehanna Fundamental Investments LLC bought a new stake in Dropbox, Inc. (NASDAQ:DBX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 321,673 shares of the company's stock, valued at approximately $9,663,000. Susquehanna Fundamental Investments LLC owned about 0.10% of Dropbox as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of Dropbox during the 3rd quarter worth approximately $268,000. American Trust bought a new stake in Dropbox during the third quarter worth $271,000. Retirement Systems of Alabama lifted its stake in Dropbox by 15.2% in the third quarter. Retirement Systems of Alabama now owns 944,033 shares of the company's stock valued at $24,007,000 after acquiring an additional 124,528 shares during the last quarter. DGS Capital Management LLC lifted its stake in Dropbox by 22.5% in the third quarter. DGS Capital Management LLC now owns 13,767 shares of the company's stock valued at $350,000 after acquiring an additional 2,532 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Dropbox by 122.9% in the 4th quarter. GAMMA Investing LLC now owns 6,436 shares of the company's stock valued at $193,000 after acquiring an additional 3,548 shares during the period. Institutional investors own 94.84% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on shares of Dropbox from $27.00 to $30.00 and gave the company a "hold" rating in a research note on Monday, January 6th.

Insider Transactions at Dropbox

In other news, insider Eric Cox sold 3,765 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.30, for a total value of $99,019.50. Following the sale, the insider now directly owns 309,550 shares in the company, valued at approximately $8,141,165. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the sale, the chief financial officer now directly owns 396,264 shares in the company, valued at approximately $12,755,738.16. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,265 shares of company stock worth $313,270 over the last quarter. Company insiders own 28.59% of the company's stock.

Dropbox Stock Performance

DBX traded up $0.07 during trading hours on Friday, reaching $28.91. The company's stock had a trading volume of 2,181,571 shares, compared to its average volume of 3,625,786. The company's 50-day moving average is $26.72 and its 200-day moving average is $28.40. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.33. The firm has a market cap of $8.72 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75.

Dropbox (NASDAQ:DBX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.11). The company had revenue of $643.60 million during 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%. Equities analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

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.