4,755 Shares in Dropbox, Inc. (NASDAQ:DBX) Bought by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in Dropbox, Inc. (NASDAQ:DBX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,755 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors also recently made changes to their positions in DBX. KLP Kapitalforvaltning AS acquired a new stake in shares of Dropbox in the 4th quarter worth approximately $25,375,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Dropbox during the third quarter worth $11,687,000. Jacobs Levy Equity Management Inc. increased its position in shares of Dropbox by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company’s stock valued at $158,670,000 after buying an additional 365,893 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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, Bridgewater Associates LP raised its stake in shares of Dropbox by 37.6% during the 3rd quarter. Bridgewater Associates LP now owns 703,012 shares of the company’s stock worth $17,878,000 after buying an additional 192,199 shares during the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Dropbox

In related news, CEO Andrew Houston sold 500,323 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $29.65, for a total transaction of $14,834,576.95. Following the transaction, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $245,106,646.90. This represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Thursday, February 27th. The shares were 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 owns 309,550 shares of the company’s stock, valued at $8,141,165. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 634,504 shares of company stock worth $18,935,530 over the last ninety days. 28.59% of the stock is currently owned by corporate insiders.

Dropbox Stock Performance

Shares of NASDAQ:DBX opened at $26.83 on Thursday. The business’s fifty day moving average price is $29.18 and its two-hundred day moving average price is $28.02. The stock has a market cap of $8.10 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. Dropbox, Inc. has a one year low of $20.68 and a one year high of $33.33.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. As a group, equities research analysts predict 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.