Aurora Investment Counsel Sells 410 Shares of Dropbox, Inc. (NASDAQ:DBX)

Aurora Investment Counsel lessened its stake in shares of Dropbox, Inc. (NASDAQ:DBX) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,835 shares of the company’s stock after selling 410 shares during the period. Aurora Investment Counsel’s holdings in Dropbox were worth $1,167,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Aigen Investment Management LP bought a new stake in Dropbox during the 3rd quarter valued at $482,000. Retirement Systems of Alabama raised its holdings in shares of Dropbox by 15.2% in the third quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock valued at $24,007,000 after acquiring an additional 124,528 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dropbox by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock worth $71,108,000 after acquiring an additional 228,685 shares during the period. IVY Lane Capital Management LLC bought a new position in Dropbox during the 3rd quarter worth about $3,179,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Dropbox during the 3rd quarter valued at about $2,774,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their price target 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 Price Performance

Shares of DBX stock opened at $24.55 on Friday. The company has a market cap of $7.41 billion, a P/E ratio of 17.41, a PEG ratio of 1.70 and a beta of 0.77. The stock’s 50-day moving average is $29.77 and its 200 day 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) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11). The firm 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, analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Insider Activity

In other news, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00. Following the sale, the chief financial officer now owns 413,764 shares in the company, valued at approximately $12,570,150.32. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Houston sold 500,323 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $29.65, for a total transaction of $14,834,576.95. Following the completion of the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $245,106,646.90. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 634,504 shares of company stock worth $18,935,530. Insiders own 28.59% of the company’s stock.

About Dropbox

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.