Sanctuary Advisors LLC Buys Shares of 9,582 Dropbox, Inc. (NASDAQ:DBX)

Sanctuary Advisors LLC purchased a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,582 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Dropbox in the third quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Dropbox in the 3rd quarter valued at approximately $31,000. Quarry LP boosted its stake in Dropbox by 81.1% in the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after purchasing an additional 880 shares in the last quarter. UMB Bank n.a. grew its position in Dropbox by 2,479.4% during the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,686 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Dropbox by 133.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock valued at $73,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Eric Cox sold 2,330 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.41, for a total value of $61,535.30. Following the sale, the insider now directly owns 321,871 shares of the company’s stock, valued at $8,500,613.11. This represents a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Houston sold 351,306 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $25.12, for a total transaction of $8,824,806.72. Following the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $207,658,649.92. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 630,635 shares of company stock worth $16,927,677 in the last 90 days. Insiders own 26.40% of the company’s stock.

Dropbox Trading Down 0.7 %

NASDAQ:DBX opened at $30.52 on Friday. The company has a market capitalization of $9.45 billion, a P/E ratio of 17.64, a PEG ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.43. The firm has a fifty day simple moving average of $28.10 and a 200-day simple moving average of $25.17.

About Dropbox

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.