Non-public Advisor Group LLC Purchases 1,240 Shares of Dropbox Inc (NASDAQ:DBX)

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Non-public Advisor Group LLC boosted its holdings in Dropbox Inc (NASDAQ:DBX) by 11.3% within the 4th quarter, in response to the corporate in its most up-to-date submitting with the Securities and Change Fee. The agency owned 12,214 shares of the corporate’s inventory after buying an extra 1,240 shares through the quarter. Non-public Advisor Group LLC’s holdings in Dropbox had been value $250,000 on the finish of the newest quarter.

A variety of different hedge funds have additionally made modifications to their positions in DBX. Hamilton Lane Advisors LLC elevated its stake in shares of Dropbox by 1,502.9% within the fourth quarter. Hamilton Lane Advisors LLC now owns 426,082 shares of the corporate’s inventory value $8,705,000 after buying an extra 399,500 shares within the final quarter. First Republic Funding Administration Inc. bought a brand new stake in Dropbox through the third quarter value $511,000. Victory Capital Administration Inc. boosted its place in Dropbox by 7.9% through the 4th quarter. Victory Capital Administration Inc. now owns 2,090,309 shares of the corporate’s inventory valued at $42,705,000 after buying an extra 152,263 shares within the final quarter. LPL Monetary LLC boosted its place in Dropbox by 54.0% through the third quarter. LPL Monetary LLC now owns 51,046 shares of the corporate’s inventory valued at $1,370,000 after buying an extra 17,907 shares within the final quarter. Lastly, Kornitzer Capital Administration Inc. KS boosted its place in Dropbox by 37.9% through the fourth quarter. Kornitzer Capital Administration Inc. KS now owns 79,858 shares of the corporate’s inventory valued at $1,631,000 after buying an extra 21,958 shares within the final quarter. Institutional buyers and hedge funds personal 31.95% of the corporate’s inventory.

A number of equities analysts have issued stories on the inventory. Jefferies Monetary Group lower their worth goal on shares of Dropbox to $32.00 in a report on Friday, February 22nd. Zacks Funding Analysis raised Dropbox from a “maintain” score to a “purchase” score and set a $29.00 worth goal for the corporate in a analysis report on Friday, February 22nd. Financial institution of America upgraded Dropbox from a “impartial” score to a “purchase” score and set a $33.00 goal worth on the inventory in a analysis observe on Friday, February 22nd. ValuEngine lower Dropbox from a “purchase” score to a “maintain” score in a analysis observe on Monday, February 4th. Lastly, William Blair assumed protection on Dropbox in a report on Tuesday, December 11th. They issued an “outperform” score for the corporate. 4 analysts have rated the inventory with a maintain score and 13 have issued a purchase score to the inventory. The corporate presently has a mean score of “Purchase” and a mean goal worth of $33.43.

DBX traded up $0.05 on Friday, reaching $21.95. 1,969,224 shares of the inventory had been exchanged, in comparison with its common quantity of two,538,950. The corporate has a debt-to-equity ratio of 0.13, a fast ratio of 1.45 and a present ratio of 1.45. The inventory has a market cap of $9.03 billion and a P/E ratio of -16.76. Dropbox Inc has a fifty-two week low of $18.50 and a fifty-two week excessive of $43.50.

Dropbox (NASDAQ:DBX) final launched its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. Dropbox had a detrimental return on fairness of 77.19% and a detrimental web margin of 34.84%. The agency had income of $375.90 million through the quarter, in comparison with the consensus estimate of $369.64 million. Analysts predict that Dropbox Inc will submit -0.14 EPS for the present fiscal 12 months.

In associated information, insider Quentin Clark bought 16,666 shares of the enterprise’s inventory in a transaction on Monday, March 25th. The shares had been bought at a mean worth of $21.60, for a complete transaction of $359,985.60. The transaction was disclosed in a submitting with the Securities & Change Fee, which is out there via this hyperlink. Additionally, insider Timothy Regan bought 2,000 shares of the corporate’s inventory in a transaction on Wednesday, March 20th. The shares had been bought at a mean worth of $22.34, for a complete transaction of $44,680.00. The disclosure for this sale may be discovered right here. During the last 90 days, insiders have bought 95,836 shares of firm inventory valued at $2,189,727.

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Dropbox Firm Profile

Dropbox Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to create, entry, and share content material on-line. The corporate was previously often known as Evenflow, Inc and adjusted its identify to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was based in 2007 and is headquartered in San Francisco, California.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)



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