Commerzbank Aktiengesellschaft FI elevated its stake in Dropbox Inc (NASDAQ:DBX) by 18.3% within the 2nd quarter, HoldingsChannel studies. The institutional investor owned 60,440 shares of the corporateâ€™s inventory after buying a further 9,343 shares through the quarter. Commerzbank Aktiengesellschaft FIâ€™s holdings in Dropbox have been price $1,514,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers additionally lately added to or diminished their stakes in DBX. FMR LLC raised its stake in Dropbox by 6.4% within the 1st quarter. FMR LLC now owns 13,549,120 shares of the corporateâ€™s inventory valued at $295,372,000 after buying a further 811,742 shares through the interval. BlackRock Inc. elevated its place in shares of Dropbox by 7.2% within the first quarter. BlackRock Inc. now owns 13,521,764 shares of the corporateâ€™s inventory price $294,775,000 after buying a further 910,593 shares through the interval. Pictet Asset Administration Ltd. elevated its place in shares of Dropbox by 34.5% within the first quarter. Pictet Asset Administration Ltd. now owns 4,198,539 shares of the corporateâ€™s inventory price $91,528,000 after buying a further 1,077,469 shares through the interval. First Belief Advisors LP elevated its place in shares of Dropbox by 2.7% within the first quarter. First Belief Advisors LP now owns 4,016,234 shares of the corporateâ€™s inventory price $87,554,000 after buying a further 104,439 shares through the interval. Lastly, Wells Fargo & Firm MN elevated its place in shares of Dropbox by 25.3% within the first quarter. Wells Fargo & Firm MN now owns 3,653,317 shares of the corporateâ€™s inventory price $79,642,000 after buying a further 738,293 shares through the interval. 28.91% of the inventory is owned by institutional buyers.
Plenty of analysis analysts lately commented on DBX shares. Zacks Funding Analysis upgraded Dropbox from a â€œmaintainâ€ score to a â€œpurchaseâ€ score and set a $28.00 worth goal on the inventory in a analysis report on Wednesday, July third. TheStreet upgraded Dropbox from a â€œd+â€ score to a â€œc-â€ score in a analysis report on Friday, July fifth. Three analysis analysts have rated the inventory with a maintain score and 7 have issued a purchase score to the inventory. The inventory presently has a median score of â€œPurchaseâ€ and a consensus goal worth of $31.86.
NASDAQ:DBX opened at $23.02 on Monday. The corporate has a 50-day easy transferring common of $24.71. The agency has a market capitalization of $10.80 billion, a price-to-earnings ratio of -17.57 and a beta of 1.39. The corporate has a fast ratio of 1.16, a present ratio of 1.16 and a debt-to-equity ratio of 0.78. Dropbox Inc has a twelve month low of $18.50 and a twelve month excessive of $34.95.
Dropbox (NASDAQ:DBX) final launched its quarterly earnings knowledge on Thursday, Could ninth. The corporate reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. The enterprise had income of $385.60 million for the quarter, in comparison with analyst estimates of $381.58 million. Dropbox had a damaging return on fairness of three.50% and a damaging web margin of 1.85%. Dropboxâ€™s income was up 21.9% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $0.08 earnings per share. As a bunch, sell-side analysts anticipate that Dropbox Inc will publish -0.12 EPS for the present fiscal yr.
In associated information, insider Quentin Clark bought 16,674 shares of the agencyâ€™s inventory in a transaction dated Wednesday, July 24th. The inventory was bought at a median worth of $24.56, for a complete worth of $409,513.44. The transaction was disclosed in a doc filed with the SEC, which will be accessed by means of the SEC web site. Additionally, CFO Ajay Vashee bought 13,731 shares of the agencyâ€™s inventory in a transaction dated Friday, Could 24th. The shares have been bought at a median worth of $22.62, for a complete worth of $310,595.22. The disclosure for this sale will be discovered right here. Insiders bought 114,092 shares of firm inventory price $2,707,227 over the past ninety days. 31.20% of the inventory is at present owned by insiders.
Dropbox, Inc supplies a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by means of its Web site or app, in addition to improve to a paid subscription plan for premium options. The corporate has roughly 500 million registered customers throughout 180 nations.
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