Clarius Group LLC Has $262,000 Stock Position in Dropbox, Inc. (NASDAQ:DBX)

Clarius Group LLC cut its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,720 shares of the company’s stock after selling 375 shares during the quarter. Clarius Group LLC’s holdings in Dropbox were worth $262,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Dropbox during the third quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Dropbox during the 3rd quarter worth $31,000. Quarry LP raised its position in shares of Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after acquiring an additional 880 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Dropbox by 2,479.4% in the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after purchasing an additional 1,686 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Dropbox by 133.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after purchasing an additional 1,650 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price objective on Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Dropbox presently has a consensus rating of “Hold” and an average price target of $27.50.

Insider Buying and Selling at Dropbox

In related news, CEO Andrew Houston sold 29,917 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $30.07, for a total value of $899,604.19. Following the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $248,578,646.62. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00. Following the completion of the transaction, the chief financial officer now directly owns 413,764 shares of the company’s stock, valued at approximately $12,570,150.32. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 822,069 shares of company stock valued at $24,219,976. Company insiders own 26.40% of the company’s stock.

Dropbox Stock Up 0.6 %

DBX opened at $30.59 on Monday. The stock has a market cap of $9.47 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.49 and a beta of 0.61. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.43. The company has a fifty day simple moving average of $29.19 and a 200 day simple moving average of $26.06.

Dropbox Company 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.