DGS Capital Management LLC Has $558,000 Stake in Dropbox, Inc. (NASDAQ:DBX)

DGS Capital Management LLC grew its stake in shares of Dropbox, Inc. (NASDAQ:DBX) by 34.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,577 shares of the company’s stock after purchasing an additional 4,810 shares during the period. DGS Capital Management LLC’s holdings in Dropbox were worth $558,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Dropbox in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in Dropbox in the third quarter valued at about $31,000. UMB Bank n.a. raised its position in Dropbox by 2,479.4% in the third 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 in the last quarter. Quarry LP lifted its stake in Dropbox by 81.1% during the second quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after purchasing an additional 880 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Dropbox by 133.3% during the third quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock valued at $73,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $25.71, for a total value of $64,275.00. Following the completion of the transaction, the chief financial officer now owns 464,247 shares of the company’s stock, valued at $11,935,790.37. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Houston sold 80,499 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $30.97, for a total value of $2,493,054.03. Following the sale, the chief executive officer now directly owns 8,266,666 shares in the company, valued at $256,018,646.02. The trade was a 0.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 902,568 shares of company stock worth $26,713,030. Insiders own 26.40% of the company’s stock.

Dropbox Price Performance

Shares of NASDAQ DBX opened at $31.48 on Friday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The firm has a market capitalization of $9.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.58 and a beta of 0.61. The company’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $26.34.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. The company had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. During the same period last year, the company earned $0.35 EPS. Sell-side analysts expect that Dropbox, Inc. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dropbox has a consensus rating of “Hold” and an average target price of $27.50.

Dropbox 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.