Inceptionr LLC Has $750,000 Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Inceptionr LLC boosted its holdings in shares of Dropbox, Inc. (NASDAQ:DBXFree Report) by 187.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,428 shares of the company’s stock after acquiring an additional 16,577 shares during the period. Dropbox accounts for 0.5% of Inceptionr LLC’s portfolio, making the stock its 27th largest position. Inceptionr LLC’s holdings in Dropbox were worth $750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Dropbox during the fourth quarter worth $25,000. Contravisory Investment Management Inc. bought a new position in shares of Dropbox during the fourth quarter worth $26,000. Fifth Third Bancorp boosted its position in shares of Dropbox by 424.2% during the third quarter. Fifth Third Bancorp now owns 1,085 shares of the company’s stock worth $30,000 after purchasing an additional 878 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Dropbox during the fourth quarter worth $34,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Dropbox by 29,175.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,171 shares of the company’s stock worth $32,000 after purchasing an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DBX. KeyCorp boosted their price objective on shares of Dropbox from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. JMP Securities cut shares of Dropbox from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. The Goldman Sachs Group cut shares of Dropbox from a “neutral” rating to a “sell” rating and cut their price target for the stock from $26.00 to $24.00 in a research report on Friday, February 16th. Bank of America cut shares of Dropbox from a “buy” rating to an “underperform” rating and cut their price target for the stock from $34.00 to $28.00 in a research report on Friday, February 16th. Finally, Citigroup cut their price target on shares of Dropbox from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dropbox currently has a consensus rating of “Hold” and a consensus price target of $29.78.

Get Our Latest Stock Analysis on DBX

Insider Buying and Selling

In other Dropbox news, CFO Timothy Regan sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $24.02, for a total value of $72,060.00. Following the sale, the chief financial officer now owns 403,720 shares in the company, valued at $9,697,354.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dropbox news, CFO Timothy Regan sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $24.02, for a total value of $72,060.00. Following the sale, the chief financial officer now owns 403,720 shares in the company, valued at $9,697,354.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Houston sold 164,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $23.86, for a total transaction of $3,913,040.00. Following the completion of the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $197,242,650.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 271,721 shares of company stock worth $6,443,955. Corporate insiders own 26.40% of the company’s stock.

Dropbox Stock Up 1.0 %

Shares of DBX traded up $0.23 during mid-day trading on Tuesday, hitting $24.02. 3,206,615 shares of the company’s stock were exchanged, compared to its average volume of 3,955,953. Dropbox, Inc. has a 52 week low of $21.72 and a 52 week high of $33.43. The stock’s 50-day simple moving average is $23.70 and its 200-day simple moving average is $26.99. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.70.

Dropbox (NASDAQ:DBXGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. The company had revenue of $631.30 million for the quarter, compared to analysts’ expectations of $628.81 million. Dropbox had a net margin of 20.50% and a negative return on equity of 148.13%. Analysts forecast that Dropbox, Inc. will post 1.14 earnings per share for the current fiscal year.

About Dropbox

(Free Report)

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.

Further Reading

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)

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