Campbell & CO Investment Adviser LLC Acquires 162,036 Shares of Dropbox, Inc. $DBX

Campbell & CO Investment Adviser LLC boosted its holdings in Dropbox, Inc. (NASDAQ:DBX) by 1,870.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,700 shares of the company’s stock after purchasing an additional 162,036 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.06% of Dropbox worth $4,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aviva PLC acquired a new position in shares of Dropbox during the 2nd quarter worth about $531,000. Paulson Wealth Management Inc. bought a new stake in Dropbox during the second quarter worth about $283,000. Savant Capital LLC bought a new stake in Dropbox during the second quarter worth about $209,000. Graphene Investments SAS boosted its position in Dropbox by 2.4% during the second quarter. Graphene Investments SAS now owns 116,200 shares of the company’s stock valued at $3,323,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in Dropbox in the second quarter valued at approximately $2,402,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Dropbox Price Performance

Shares of Dropbox stock opened at $30.87 on Friday. The business has a fifty day simple moving average of $29.80 and a two-hundred day simple moving average of $28.77. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 4.07 and a beta of 0.65.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. The company had revenue of $634.40 million for the quarter, compared to analyst estimates of $623.59 million. Dropbox had a net margin of 19.87% and a negative return on equity of 55.28%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Dropbox

In other news, insider Ashraf Alkarmi sold 10,098 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $27.30, for a total transaction of $275,675.40. Following the completion of the sale, the insider owned 469,333 shares in the company, valued at $12,812,790.90. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Timothy Regan sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $29.76, for a total value of $148,800.00. Following the completion of the transaction, the chief financial officer directly owned 471,621 shares in the company, valued at $14,035,440.96. The trade was a 1.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 318,698 shares of company stock worth $9,251,159. 29.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DBX has been the topic of a number of analyst reports. UBS Group cut Dropbox from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $29.00 to $27.00 in a research note on Thursday, September 18th. Royal Bank Of Canada boosted their target price on shares of Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.75.

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.