Caisse Des Depots ET Consignations Takes $3.61 Million Position in Dropbox, Inc. (NASDAQ:DBX)

Caisse Des Depots ET Consignations acquired a new stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 120,102 shares of the company's stock, valued at approximately $3,608,000.

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

Insider Transactions at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.19, for a total value of $80,475.00. Following the transaction, the chief financial officer now directly owns 396,264 shares of the company's stock, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction 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 completion of the sale, the insider now directly owns 309,550 shares of the company's stock, valued at approximately $8,141,165. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 632,004 shares of company stock valued at $18,859,580. Insiders own 28.59% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Dropbox Trading Down 0.2 %

DBX traded down $0.07 during midday trading on Monday, reaching $26.50. The company's stock had a trading volume of 1,256,738 shares, compared to its average volume of 3,540,590. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33. The stock's 50-day moving average is $29.03 and its 200-day moving average is $28.09. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.70 and a beta of 0.77.

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

Dropbox Profile

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.