UBS Oconnor LLC Has $2.04 Million Stake in Dropbox Inc (NASDAQ:DBX)

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UBS Oconnor LLC reduce its stake in Dropbox Inc (NASDAQ:DBX) by 66.7% through the 4th quarter, based on its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 100,000 shares of the corporate’s inventory after promoting 200,000 shares through the interval. UBS Oconnor LLC’s holdings in Dropbox had been price $2,043,000 on the finish of the newest quarter.

Different massive traders have additionally just lately added to or diminished their stakes within the firm. Potrero Capital Analysis LLC grew its stake in Dropbox by 43.6% within the 4th quarter. Potrero Capital Analysis LLC now owns 294,883 shares of the corporate’s inventory valued at $6,024,000 after shopping for an extra 89,500 shares within the final quarter. Authorized & Normal Group Plc bought a brand new stake in shares of Dropbox through the fourth quarter price $2,291,000. Amundi Pioneer Asset Administration Inc. boosted its holdings in shares of Dropbox by 138.9% within the fourth quarter. Amundi Pioneer Asset Administration Inc. now owns 57,100 shares of the corporate’s inventory price $1,167,000 after buying an extra 33,200 shares through the interval. Gotham Asset Administration LLC purchased a brand new place in shares of Dropbox within the fourth quarter price $335,000. Lastly, Paloma Companions Administration Co bought a brand new place in shares of Dropbox within the fourth quarter valued at $284,000. 31.95% of the inventory is owned by institutional traders and hedge funds.

Shares of Dropbox inventory opened at $21.95 on Friday. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 1.45 and a fast ratio of 1.45. The agency has a market capitalization of $9.03 billion and a PE ratio of -16.76. Dropbox Inc has a 52-week low of $18.50 and a 52-week excessive of $43.50.

Dropbox (NASDAQ:DBX) final launched its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The corporate had income of $375.90 million through the quarter, in comparison with analyst estimates of $369.64 million. Dropbox had a destructive return on fairness of 77.19% and a destructive web margin of 34.84%. As a bunch, equities analysis analysts forecast that Dropbox Inc will put up -0.14 EPS for the present 12 months.

Various analysis companies have just lately commented on DBX. Financial institution of America upgraded shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 value goal for the corporate in a analysis report on Friday, February 22nd. Jefferies Monetary Group reduce their value goal on Dropbox to $32.00 in a report on Friday, February 22nd. ValuEngine reduce shares of Dropbox from a “purchase” score to a “maintain” score in a analysis report on Monday, February 4th. Zacks Funding Analysis upgraded shares of Dropbox from a “maintain” score to a “purchase” score and set a $29.00 goal value for the corporate in a analysis report on Friday, February 22nd. Lastly, William Blair initiated protection on shares of Dropbox in a analysis notice on Tuesday, December 11th. They issued an “outperform” score for the corporate. 4 equities analysis analysts have rated the inventory with a maintain score and 13 have given a purchase score to the corporate. The corporate has a consensus score of “Purchase” and a median goal value of $33.43.

In associated information, insider Timothy Regan offered 2,000 shares of the agency’s inventory in a transaction dated Wednesday, March 20th. The inventory was offered at a median value of $22.34, for a complete worth of $44,680.00. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed via this hyperlink. Additionally, CFO Ajay Vashee offered 13,731 shares of the enterprise’s inventory in a transaction dated Thursday, January 24th. The shares had been offered at a median value of $23.32, for a complete worth of $320,206.92. The disclosure for this sale will be discovered right here. Insiders offered 95,836 shares of firm inventory valued at $2,189,727 within the final quarter.

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Dropbox Firm Profile

Dropbox Inc gives a collaboration platform worldwide. Its platform permits people, groups, and organizations to create, entry, and share content material on-line. The corporate was previously referred to 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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