DGS Capital Management LLC Increases Holdings in Dropbox, Inc. (NASDAQ:DBX)

DGS Capital Management LLC boosted its position in Dropbox, Inc. (NASDAQ:DBX) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,767 shares of the company’s stock after buying an additional 2,532 shares during the period. DGS Capital Management LLC’s holdings in Dropbox were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Dropbox during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Dropbox during the third quarter valued at $31,000. Fifth Third Bancorp boosted its holdings in Dropbox by 548.8% in the second quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock valued at $31,000 after purchasing an additional 1,169 shares during the last quarter. UMB Bank n.a. grew its position in Dropbox by 2,479.4% during the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,686 shares during the period. Finally, Quarry LP raised its stake in shares of Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after buying an additional 880 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Stock Down 2.2 %

Shares of DBX stock opened at $29.77 on Friday. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.43. The stock has a market cap of $9.22 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. The business has a 50-day simple moving average of $27.22 and a 200-day simple moving average of $24.57.

Insider Buying and Selling at Dropbox

In other news, insider Eric Cox sold 2,330 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.41, for a total transaction of $61,535.30. Following the completion of the transaction, the insider now directly owns 321,871 shares of the company’s stock, valued at $8,500,613.11. This represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Houston sold 3,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.00, for a total value of $87,325.00. Following the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at $206,666,650. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 731,781 shares of company stock valued at $19,456,607. 26.40% of the stock is owned by company insiders.

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.