AE Wealth Management LLC bought a new position in shares of Dropbox Inc (NASDAQ:DBX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,026 shares of the company’s stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Exane Derivatives boosted its position in shares of Dropbox by 104.5% during the 4th quarter. Exane Derivatives now owns 11,250 shares of the company’s stock worth $206,000 after acquiring an additional 5,750 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Dropbox by 411.4% during the 4th quarter. SG Americas Securities LLC now owns 89,348 shares of the company’s stock worth $1,600,000 after acquiring an additional 71,878 shares in the last quarter. Nwam LLC acquired a new position in shares of Dropbox during the 4th quarter worth about $179,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Dropbox during the 4th quarter worth about $522,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Dropbox during the 4th quarter worth about $274,000. 42.16% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on DBX shares. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 price objective on shares of Dropbox in a research report on Friday, February 21st. Macquarie reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dropbox in a research report on Tuesday, February 25th. ValuEngine cut Dropbox from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. BidaskClub raised Dropbox from a “sell” rating to a “hold” rating in a report on Thursday, March 19th. Finally, TheStreet raised Dropbox from a “d” rating to a “c” rating in a report on Friday, May 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Dropbox currently has an average rating of “Buy” and a consensus price target of $26.92.

In other news, insider Arash Ferdowsi sold 66,119 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $17.03, for a total transaction of $1,126,006.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Timothy Regan sold 2,000 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $19.18, for a total value of $38,360.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,181,790 shares of company stock valued at $23,381,419. Company insiders own 31.20% of the company’s stock.

DBX opened at $21.67 on Friday. The business has a 50 day moving average price of $20.04 and a two-hundred day moving average price of $18.79. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The company has a market cap of $9.14 billion, a PE ratio of -1,083.25 and a beta of 0.87. Dropbox Inc has a 52 week low of $14.55 and a 52 week high of $26.20.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.19. The firm had revenue of $455.00 million during the quarter, compared to the consensus estimate of $451.27 million. Dropbox had a positive return on equity of 1.98% and a negative net margin of 0.33%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. As a group, sell-side analysts expect that Dropbox Inc will post 0.06 EPS for the current fiscal year.

Dropbox Profile

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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