Cubist Systematic Methods LLC elevated its holdings in shares of Dropbox Inc (NASDAQ:DBX) by 194.9% throughout the second quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The fund owned 477,570 shares of the corporate’s inventory after buying a further 315,639 shares throughout the interval. Cubist Systematic Methods LLC owned about 0.10% of Dropbox value $11,963,000 on the finish of the latest quarter.
Plenty of different hedge funds and different institutional traders have additionally added to or lowered their stakes in DBX. Tortoise Index Options LLC purchased a brand new place in Dropbox within the 1st quarter valued at $29,000. Meridian Wealth Administration LLC acquired a brand new stake in Dropbox throughout the 2nd quarter value $34,000. Glen Harbor Capital Administration LLC raised its stake in Dropbox by 203.0% throughout the 2nd quarter. Glen Harbor Capital Administration LLC now owns 1,600 shares of the corporate’s inventory value $40,000 after shopping for a further 1,072 shares throughout the interval. Livforsakringsbolaget Skandia Omsesidigt acquired a brand new stake in Dropbox throughout the 2nd quarter value $55,000. Lastly, Tyers Asset Administration LLC raised its stake in Dropbox by 203.0% throughout the 2nd quarter. Tyers Asset Administration LLC now owns 2,200 shares of the corporate’s inventory value $55,000 after shopping for a further 1,474 shares throughout the interval. Institutional traders and hedge funds personal 40.48% of the corporate’s inventory.
In associated information, insider Timothy Regan offered 4,125 shares of the corporate’s inventory in a transaction dated Wednesday, July 17th. The shares have been offered at a mean worth of $25.60, for a complete worth of $105,600.00. The transaction was disclosed in a doc filed with the SEC, which is offered at this hyperlink. Additionally, CFO Ajay Vashee offered 13,750 shares of the corporate’s inventory in a transaction dated Thursday, September 19th. The inventory was offered at a mean worth of $21.02, for a complete transaction of $289,025.00. Insiders have offered 93,742 shares of firm inventory value $1,956,472 within the final quarter. Firm insiders personal 31.20% of the corporate’s inventory.
A number of analysts have issued studies on the corporate. Financial institution of America dropped protection on Dropbox in a analysis observe on Friday, August ninth. Canaccord Genuity dropped protection on Dropbox in a analysis observe on Friday, September 27th. TheStreet minimize Dropbox from a “c-” score to a “d+” score in a report on Friday, August ninth. Sanford C. Bernstein began protection on Dropbox in a report on Wednesday, August seventh. They issued an “underperform” score and a $19.00 worth goal for the corporate. Lastly, Zacks Funding Analysis minimize Dropbox from a “purchase” score to a “maintain” score in a report on Wednesday, August 14th. One funding analyst has rated the inventory with a promote score, two have issued a maintain score and 7 have given a purchase score to the corporate’s inventory. The inventory at the moment has a mean score of “Purchase” and a mean goal worth of $28.33.
Shares of NASDAQ DBX remained flat at $$19.47 throughout noon buying and selling on Friday. 2,423,525 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of three,747,444. The corporate has a present ratio of 1.18, a fast ratio of 1.18 and a debt-to-equity ratio of 0.99. Dropbox Inc has a 12-month low of $17.20 and a 12-month excessive of $27.15. The inventory has a market capitalization of $8.05 billion, a PE ratio of -14.86 and a beta of 1.57. The corporate’s 50 day transferring common worth is $19.03 and its 200-day transferring common worth is $22.12.
Dropbox (NASDAQ:DBX) final issued its quarterly earnings outcomes on Thursday, August eighth. The corporate reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.15. The enterprise had income of $401.50 million for the quarter, in comparison with analysts’ expectations of $401.09 million. Dropbox had a unfavorable web margin of two.91% and a unfavorable return on fairness of 6.57%. The enterprise’s quarterly income was up 18.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the agency posted $0.11 earnings per share. Analysts forecast that Dropbox Inc will publish -0.12 EPS for the present fiscal 12 months.
Dropbox, Inc gives a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by 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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