Acadian Asset Administration LLC bought a brand new place in shares of Dropbox Inc (NASDAQ:DBX) throughout the second quarter, in response to the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor bought 8,446 shares of the corporate’s inventory, valued at roughly $212,000.
A lot of different institutional traders and hedge funds have additionally modified their holdings of DBX. Tortoise Index Options LLC bought a brand new place in shares of Dropbox within the first quarter valued at roughly $29,000. Meridian Wealth Administration LLC bought a brand new place in shares of Dropbox within the second quarter price about $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a brand new place in shares of Dropbox within the second quarter price about $55,000. Steward Companions Funding Advisory LLC bought a brand new place in shares of Dropbox within the second quarter price about $58,000. Lastly, Icon Wealth Companions LLC acquired a brand new place in Dropbox throughout the first quarter price about $82,000. 40.40% of the inventory is at present owned by institutional traders.
A number of analysts just lately issued stories on DBX shares. Royal Financial institution of Canada dropped protection on shares of Dropbox in a analysis be aware on Friday, August ninth. Sanford C. Bernstein started protection on shares of Dropbox in a analysis be aware on Wednesday, August seventh. They issued an “underperform” ranking and a $19.00 goal value on the inventory. TheStreet lower Dropbox from a “c-” ranking to a “d+” ranking in a report on Friday, August ninth. Financial institution of America dropped protection on Dropbox in a analysis be aware on Friday, August ninth. Lastly, Zacks Funding Analysis lower Dropbox from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, August 14th. One funding analyst has rated the inventory with a promote ranking, three have given a maintain ranking and 5 have assigned a purchase ranking to the inventory. Dropbox at present has a median ranking of “Maintain” and a consensus value goal of $28.13.
Shares of NASDAQ DBX opened at $20.32 on Thursday. The inventory has a fifty day easy transferring common of $19.83 and a 200-day easy transferring common of $22.45. Dropbox Inc has a twelve month low of $17.20 and a twelve month excessive of $27.35. The corporate has a present ratio of 1.18, a fast ratio of 1.18 and a debt-to-equity ratio of 0.99. The inventory has a market capitalization of $8.30 billion, a PE ratio of -15.51 and a beta of 1.53.
Dropbox (NASDAQ:DBX) final introduced its earnings outcomes on Thursday, August eighth. The corporate reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The corporate had income of $401.50 million throughout the quarter, in comparison with analysts’ expectations of $401.09 million. Dropbox had a unfavorable return on fairness of 6.57% and a unfavorable internet margin of two.91%. Dropbox’s income for the quarter was up 18.4% on a year-over-year foundation. Throughout the identical interval final 12 months, the enterprise posted $0.11 EPS. On common, equities analysts predict that Dropbox Inc will submit -0.11 earnings per share for the present 12 months.
In associated information, Director Condoleezza Rice offered 23,943 shares of the corporate’s inventory in a transaction that occurred on Monday, August 12th. The shares have been offered at a median value of $18.38, for a complete transaction of $440,072.34. The transaction was disclosed in a doc filed with the SEC, which might be accessed by way of this hyperlink. Additionally, CFO Ajay Vashee offered 13,731 shares of the inventory in a transaction that occurred on Monday, June 24th. The shares have been offered at a median value of $25.00, for a complete transaction of $343,275.00. The disclosure for this sale might be discovered right here. Insiders offered 85,472 shares of firm inventory valued at $1,915,604 within the final 90 days. Firm insiders personal 31.20% of the corporate’s inventory.
Dropbox Firm Profile
Dropbox, Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by way 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 international locations.
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