Compass Wealth Management LLC Has $421,000 Stock Position in Dropbox, Inc. (NASDAQ:DBX)

Compass Wealth Management LLC decreased its stake in shares of Dropbox, Inc. (NASDAQ:DBXFree Report) by 82.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the company’s stock after selling 66,665 shares during the quarter. Compass Wealth Management LLC’s holdings in Dropbox were worth $421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Dropbox by 0.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company’s stock worth $2,267,000 after buying an additional 383 shares during the period. Quarry LP grew its position in Dropbox by 23.4% during the third quarter. Quarry LP now owns 2,424 shares of the company’s stock worth $62,000 after buying an additional 459 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Dropbox by 4.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 10,151 shares of the company’s stock worth $305,000 after buying an additional 461 shares in the last quarter. Fifth Third Bancorp raised its holdings in Dropbox by 35.6% in the 4th quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock valued at $54,000 after acquiring an additional 472 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Dropbox by 10.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,389 shares of the company’s stock worth $162,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group increased their price objective 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

Get Our Latest Research Report on DBX

Dropbox Stock Performance

Shares of NASDAQ DBX opened at $31.48 on Friday. The company’s 50 day moving average price is $29.52 and its 200-day moving average price is $26.31. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.43. The company has a market capitalization of $9.75 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61.

Dropbox (NASDAQ:DBXGet Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.16). Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. The firm had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. During the same quarter in the previous year, the firm earned $0.35 EPS. Analysts forecast that Dropbox, Inc. will post 1.49 earnings per share for the current year.

Insider Activity at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $25.71, for a total value of $64,275.00. Following the completion of the sale, the chief financial officer now directly owns 464,247 shares in the company, valued at approximately $11,935,790.37. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric Cox sold 2,330 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.41, for a total transaction of $61,535.30. Following the transaction, the insider now owns 321,871 shares in the company, valued at $8,500,613.11. This represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 902,568 shares of company stock worth $26,713,030 in the last 90 days. Corporate insiders own 26.40% of the company’s stock.

About Dropbox

(Free Report)

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.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)

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