American Trust Takes $271,000 Position in Dropbox, Inc. (NASDAQ:DBX)

American Trust acquired a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,650 shares of the company’s stock, valued at approximately $271,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Dropbox by 0.4% during the third quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company’s stock valued at $2,267,000 after buying an additional 383 shares during the period. Quarry LP increased its holdings in Dropbox by 23.4% during the 3rd quarter. Quarry LP now owns 2,424 shares of the company’s stock worth $62,000 after acquiring an additional 459 shares during the period. iA Global Asset Management Inc. lifted its stake in Dropbox by 6.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 9,725 shares of the company’s stock worth $219,000 after purchasing an additional 597 shares in the last quarter. Tobam boosted its holdings in Dropbox by 4.1% in the 2nd quarter. Tobam now owns 19,642 shares of the company’s stock valued at $441,000 after purchasing an additional 767 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Dropbox by 13.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,956 shares of the company’s stock valued at $202,000 after purchasing an additional 926 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Dropbox Stock Performance

Dropbox stock opened at $29.77 on Friday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The stock has a market cap of $9.22 billion, a P/E ratio of 17.21, a PEG ratio of 1.68 and a beta of 0.63. The firm’s fifty day moving average price is $27.22 and its 200-day moving average price is $24.57.

Insider Buying and Selling

In other news, CEO Andrew Houston sold 137,499 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $30.05, for a total transaction of $4,131,844.95. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Timothy Regan sold 3,177 shares of Dropbox stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.00, for a total transaction of $79,425.00. Following the sale, the chief financial officer now directly owns 481,747 shares of the company’s stock, valued at $12,043,675. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 731,781 shares of company stock worth $19,456,607 over the last ninety days. 26.40% of the stock is owned by corporate insiders.

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.