Dropbox, Inc. (NASDAQ:DBX) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC raised its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 92.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,805 shares of the company’s stock after purchasing an additional 35,005 shares during the quarter. Headlands Technologies LLC’s holdings in Dropbox were worth $2,187,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in 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 buying an additional 365 shares in the last quarter. Heron Bay Capital Management lifted its holdings in Dropbox by 2.3% during the fourth quarter. Heron Bay Capital Management now owns 16,769 shares of the company’s stock worth $504,000 after acquiring an additional 378 shares in the last quarter. 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 worth $26,000 after acquiring an additional 424 shares in the last quarter. Quarry LP boosted its position in Dropbox by 23.4% during the 3rd quarter. Quarry LP now owns 2,424 shares of the company’s stock worth $62,000 after acquiring an additional 459 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Buying and Selling

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.37, for a total transaction of $75,925.00. Following the sale, the chief financial officer now owns 401,264 shares in the company, valued at $12,186,387.68. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Houston sold 29,917 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $30.07, for a total transaction 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. In the last 90 days, insiders sold 634,504 shares of company stock valued at $18,926,005. 28.59% of the stock is owned by insiders.

Dropbox Stock Performance

NASDAQ:DBX opened at $27.18 on Wednesday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.33. The company has a 50 day simple moving average of $28.87 and a two-hundred day simple moving average of $28.13. The company has a market capitalization of $8.20 billion, a PE ratio of 19.28, a P/E/G ratio of 1.70 and a beta of 0.77.

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research 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.