Dropbox, Inc. $DBX Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in Dropbox, Inc. (NASDAQ:DBX) by 196.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,211 shares of the company’s stock after buying an additional 73,736 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Dropbox were worth $3,179,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of Dropbox by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 22,218 shares of the company’s stock worth $593,000 after acquiring an additional 5,117 shares during the period. Federated Hermes Inc. boosted its position in Dropbox by 18.2% during the first quarter. Federated Hermes Inc. now owns 25,572 shares of the company’s stock worth $683,000 after purchasing an additional 3,929 shares in the last quarter. Natixis Advisors LLC grew its holdings in Dropbox by 32.0% in the first quarter. Natixis Advisors LLC now owns 14,410 shares of the company’s stock valued at $385,000 after purchasing an additional 3,497 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Dropbox in the first quarter valued at $2,107,000. Finally, Baker Avenue Asset Management LP purchased a new position in shares of Dropbox in the first quarter valued at $238,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Insiders Place Their Bets

In other Dropbox news, insider William T. Yoon sold 11,430 shares of Dropbox stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.16, for a total value of $344,728.80. Following the completion of the sale, the insider owned 223,662 shares in the company, valued at $6,745,645.92. The trade was a 4.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashraf Alkarmi sold 10,098 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $29.18, for a total transaction of $294,659.64. Following the transaction, the insider directly owned 435,810 shares of the company’s stock, valued at approximately $12,716,935.80. This represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 342,939 shares of company stock valued at $10,241,445. 28.59% of the stock is owned by company insiders.

Analyst Ratings Changes

DBX has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and lowered their price target for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada lifted their price objective on Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.75.

Dropbox Stock Performance

Shares of DBX opened at $29.30 on Tuesday. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.56 and a beta of 0.63. The company’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $28.88. Dropbox, Inc. has a 1 year low of $24.42 and a 1 year high of $33.33.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.64 by $0.10. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The firm had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. During the same period in the previous year, the company earned $0.60 EPS. Dropbox’s revenue for the quarter was down .7% on a year-over-year basis. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

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.