New Age Alpha Advisors LLC Purchases Shares of 52,530 Dropbox, Inc. (NASDAQ:DBX)

New Age Alpha Advisors LLC acquired a new stake in Dropbox, Inc. (NASDAQ:DBX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 52,530 shares of the company's stock, valued at approximately $1,578,000.

A number of other large investors have also added to or reduced their stakes in DBX. EverSource Wealth Advisors LLC raised its position in Dropbox by 96.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock worth $26,000 after purchasing an additional 424 shares during the last quarter. Avion Wealth raised its position in shares of Dropbox by 4,472.7% during the fourth quarter. Avion Wealth now owns 1,006 shares of the company's stock worth $30,000 after acquiring an additional 984 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dropbox in the fourth quarter worth approximately $40,000. Allworth Financial LP boosted its holdings in Dropbox by 33.5% in the fourth quarter. Allworth Financial LP now owns 1,456 shares of the company's stock valued at $45,000 after acquiring an additional 365 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Dropbox by 39.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company's stock valued at $52,000 after acquiring an additional 482 shares during the last quarter. Institutional investors own 94.84% of the company's stock.

Dropbox Price Performance

Shares of Dropbox stock traded down $1.38 on Friday, hitting $25.45. 5,351,199 shares of the company's stock traded hands, compared to its average volume of 3,569,556. The company has a fifty day moving average of $28.59 and a two-hundred day moving average of $28.12. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.33. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75.

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Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.11). The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Equities research analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In other Dropbox news, insider Eric Cox sold 3,765 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the transaction, the insider now owns 309,550 shares in the company, valued at approximately $8,141,165. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Houston sold 29,917 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $30.07, for a total value of $899,604.19. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares of the company's stock, valued at $248,578,646.62. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,181 shares of company stock valued at $3,794,928 over the last ninety days. 28.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their target price on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, January 6th.

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.