BlackRock Inc. Has $257.65 Million Holdings in Dropbox Inc (NASDAQ:DBX)

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BlackRock Inc. raised its stake in Dropbox Inc (NASDAQ:DBX) by 22.7% within the 4th quarter, based on its most up-to-date disclosure with the SEC. The fund owned 12,611,171 shares of the corporate’s inventory after buying an extra 2,332,796 shares through the quarter. BlackRock Inc. owned 3.10% of Dropbox price $257,646,000 on the finish of the newest quarter.

A number of different hedge funds have additionally just lately added to or lowered their stakes in DBX. Quantamental Applied sciences LLC bought a brand new place in shares of Dropbox through the 4th quarter valued at about $33,000. Pearl River Capital LLC purchased a brand new stake in shares of Dropbox within the 4th quarter valued at roughly $35,000. C M Bidwell & Associates Ltd. boosted its holdings in shares of Dropbox by 85.2% within the third quarter. C M Bidwell & Associates Ltd. now owns 5,085 shares of the corporate’s inventory price $136,000 after buying an extra 2,340 shares through the interval. Advisors Asset Administration Inc. elevated its place in shares of Dropbox by 35.3% through the third quarter. Advisors Asset Administration Inc. now owns 9,216 shares of the corporate’s inventory valued at $247,000 after buying an extra 2,404 shares over the last quarter. Lastly, Capital Funding Advisory Providers LLC purchased a brand new place in shares of Dropbox through the 4th quarter valued at roughly $57,000. Hedge funds and different institutional buyers personal 31.95% of the corporate’s inventory.

In different Dropbox information, CFO Ajay Vashee bought 13,731 shares of the enterprise’s inventory in a transaction dated Monday, March 25th. The inventory was bought at a mean value of $21.60, for a complete transaction of $296,589.60. The transaction was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. Additionally, insider Timothy Regan bought 5,125 shares of the inventory in a transaction dated Wednesday, January 16th. The shares have been bought at a mean value of $22.57, for a complete worth of $115,671.25. The disclosure for this sale could be discovered right here. Insiders bought a complete of 95,836 shares of firm inventory valued at $2,189,727 during the last three months.

Shares of DBX inventory traded up $0.05 throughout buying and selling hours on Friday, reaching $21.95. 1,969,224 shares of the inventory traded arms, in comparison with its common quantity of two,538,950. Dropbox Inc has a 1-year low of $18.50 and a 1-year excessive of $43.50. 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 P/E ratio of -16.76.

Dropbox (NASDAQ:DBX) final introduced its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The corporate had income of $375.90 million for the quarter, in comparison with the consensus estimate of $369.64 million. Dropbox had a adverse web margin of 34.84% and a adverse return on fairness of 77.19%. Promote-side analysts predict that Dropbox Inc will put up -0.14 EPS for the present fiscal 12 months.

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

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Dropbox 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 referred to as Evenflow, Inc and adjusted its title 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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