Stephens Inc. AR Acquires 1,600 Shares of Dropbox Inc (DBX)

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Stephens Inc. AR boosted its holdings in Dropbox Inc (NASDAQ:DBX) by 11.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 16,075 shares of the company’s stock after buying an additional 1,600 shares during the quarter. Stephens Inc. AR’s holdings in Dropbox were worth $350,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in Dropbox in the fourth quarter worth approximately $33,000. Pearl River Capital LLC acquired a new position in Dropbox in the fourth quarter worth approximately $35,000. Ellevest Inc. acquired a new position in Dropbox in the first quarter worth approximately $40,000. Advisory Services Network LLC grew its position in Dropbox by 272.7% in the fourth quarter. Advisory Services Network LLC now owns 2,050 shares of the company’s stock worth $42,000 after buying an additional 1,500 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in Dropbox in the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 33.30% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Dropbox from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine lowered shares of Dropbox from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Bank of America upgraded shares of Dropbox from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, February 22nd. Finally, Jefferies Financial Group decreased their price target on shares of Dropbox to $32.00 in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $31.71.

In other Dropbox news, CFO Ajay Vashee sold 13,731 shares of Dropbox stock in a transaction on Monday, March 25th. The shares were sold at an average price of $21.60, for a total transaction of $296,589.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Regan sold 2,000 shares of Dropbox stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $22.34, for a total transaction of $44,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,523 shares of company stock worth $1,916,533. Corporate insiders own 31.20% of the company’s stock.

NASDAQ DBX traded up $0.12 on Friday, hitting $22.68. 17,335 shares of the stock were exchanged, compared to its average volume of 3,093,921. Dropbox Inc has a 52-week low of $18.50 and a 52-week high of $43.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of -17.38 and a beta of 1.43.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.05. Dropbox had a negative net margin of 1.85% and a negative return on equity of 3.50%. The firm had revenue of $385.60 million for the quarter, compared to analysts’ expectations of $381.58 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, research analysts forecast that Dropbox Inc will post -0.12 EPS for the current fiscal year.

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About Dropbox

Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)

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