Mutual of America Capital Management LLC Has $3.53 Million Stock Position in Dropbox, Inc. (NASDAQ:DBX)

Mutual of America Capital Management LLC decreased its position in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 117,581 shares of the company's stock after selling 10,642 shares during the quarter. Mutual of America Capital Management LLC's holdings in Dropbox were worth $3,532,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $45,000 after acquiring an additional 365 shares during the period. Quarry LP raised its position in shares of Dropbox by 23.4% in the 3rd quarter. Quarry LP now owns 2,424 shares of the company's stock valued at $62,000 after acquiring an additional 459 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of Dropbox by 4.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 10,151 shares of the company's stock valued at $305,000 after acquiring an additional 461 shares during the period. Fifth Third Bancorp raised its holdings in Dropbox by 35.6% during the 4th quarter. Fifth Third Bancorp now owns 1,798 shares of the company's stock worth $54,000 after buying an additional 472 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Dropbox by 39.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company's stock worth $52,000 after buying an additional 482 shares during the period. Institutional investors own 94.84% of the company's stock.

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Dropbox Stock Performance

DBX stock traded up $0.79 during mid-day trading on Friday, hitting $26.42. 4,208,338 shares of the company were exchanged, compared to its average volume of 3,449,238. The firm has a market cap of $7.97 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.70 and a beta of 0.77. The firm's 50 day simple moving average is $30.15 and its 200 day simple moving average is $27.85. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last issued 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 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%. On average, equities research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.19, for a total transaction of $80,475.00. Following the completion of the transaction, the chief financial officer now directly owns 396,264 shares of the company's stock, valued at $12,755,738.16. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $99,019.50. Following the transaction, the insider now directly owns 309,550 shares of the company's stock, valued at approximately $8,141,165. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 772,003 shares of company stock valued at $23,067,375. 28.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.