Captrust Financial Advisors Has $2.41 Million Holdings in Dropbox, Inc. (NASDAQ:DBX)

Captrust Financial Advisors grew its position in Dropbox, Inc. (NASDAQ:DBX) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,124 shares of the company’s stock after purchasing an additional 5,300 shares during the quarter. Captrust Financial Advisors’ holdings in Dropbox were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DBX. Cooper Financial Group boosted its stake in Dropbox by 39.8% in the 4th quarter. Cooper Financial Group now owns 22,466 shares of the company’s stock valued at $675,000 after purchasing an additional 6,395 shares during the period. Oak Thistle LLC grew its holdings in Dropbox by 70.4% in the 4th quarter. Oak Thistle LLC now owns 32,249 shares of the company’s stock valued at $969,000 after buying an additional 13,320 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Dropbox in the 4th quarter valued at $229,000. Aaron Wealth Advisors LLC grew its holdings in 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 buying an additional 461 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Dropbox by 10.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,389 shares of the company’s stock valued at $162,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Activity at Dropbox

In other news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.94, for a total value of $67,350.00. Following the completion of the transaction, the chief financial officer now directly owns 565,068 shares in the company, valued at approximately $15,222,931.92. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Cox sold 3,765 shares of the stock in a transaction on 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 transaction, the insider now owns 309,550 shares of the company’s stock, valued at $8,141,165. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,265 shares of company stock valued at $303,520 over the last ninety days. 29.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DBX. UBS Group increased their price target on Dropbox from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup increased their target price on Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday.

Dropbox Stock Performance

DBX opened at $29.46 on Monday. The firm has a market cap of $8.89 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.33. The business’s fifty day moving average is $27.08 and its 200-day moving average is $28.56.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $624.70 million for the quarter, compared to analyst estimates of $619.56 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Dropbox’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. On average, 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.