Yousif Capital Management LLC Decreases Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Yousif Capital Management LLC reduced its position in Dropbox, Inc. (NASDAQ:DBX) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,104 shares of the company’s stock after selling 7,672 shares during the period. Yousif Capital Management LLC’s holdings in Dropbox were worth $2,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DBX. Pacer Advisors Inc. boosted its stake in Dropbox by 4.5% in the third quarter. Pacer Advisors Inc. now owns 7,788,652 shares of the company’s stock valued at $198,065,000 after acquiring an additional 333,245 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Dropbox by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company’s stock valued at $158,670,000 after purchasing an additional 365,893 shares during the last quarter. Geode Capital Management LLC grew its stake in Dropbox by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company’s stock worth $111,368,000 after buying an additional 25,893 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dropbox by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock worth $71,108,000 after buying an additional 228,685 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Dropbox by 6.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,762 shares of the company’s stock valued at $59,907,000 after buying an additional 134,503 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Eric Cox sold 2,330 shares of Dropbox stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.41, for a total transaction of $61,535.30. Following the completion of the transaction, the insider now directly owns 321,871 shares in the company, valued at approximately $8,500,613.11. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Houston sold 132,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.12, for a total value of $3,711,840.00. Following the completion of the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $232,458,647.92. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,568 shares of company stock valued at $26,729,180 over the last 90 days. Insiders own 26.40% of the company’s stock.

Dropbox Stock Performance

Shares of DBX stock opened at $32.04 on Monday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The firm has a market capitalization of $9.92 billion, a PE ratio of 18.52, a P/E/G ratio of 1.64 and a beta of 0.61. The stock’s 50-day simple moving average is $30.45 and its 200-day simple moving average is $27.02.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.16). The business had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. Dropbox had a negative return on equity of 135.85% and a net margin of 22.71%. During the same quarter last year, the company posted $0.35 EPS. Sell-side analysts forecast that Dropbox, Inc. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price target on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.50.

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.