Universal Beteiligungs und Servicegesellschaft mbH Sells 66,847 Shares of Dropbox, Inc. $DBX

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Dropbox, Inc. (NASDAQ:DBX) by 27.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,785 shares of the company’s stock after selling 66,847 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Dropbox worth $4,942,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DBX. Elequin Capital LP boosted its stake in Dropbox by 71.0% during the first quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after acquiring an additional 469 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Dropbox by 250.3% during the first quarter. Brooklyn Investment Group now owns 1,387 shares of the company’s stock valued at $37,000 after purchasing an additional 991 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Dropbox in the 2nd quarter worth approximately $41,000. UMB Bank n.a. boosted its position in shares of Dropbox by 29.7% in the 2nd quarter. UMB Bank n.a. now owns 3,243 shares of the company’s stock worth $93,000 after purchasing an additional 742 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Dropbox by 30.3% in the 1st quarter. IFP Advisors Inc now owns 4,328 shares of the company’s stock worth $116,000 after buying an additional 1,006 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.

Insider Activity at Dropbox

In other news, insider Ashraf Alkarmi sold 10,098 shares of Dropbox stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $29.18, for a total value of $294,659.64. Following the completion of the sale, the insider directly owned 435,810 shares in the company, valued at $12,716,935.80. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Ali Dasdan sold 12,812 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.00, for a total transaction of $384,360.00. Following the transaction, the chief technology officer directly owned 551,060 shares of the company’s stock, valued at $16,531,800. The trade was a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 336,105 shares of company stock worth $10,037,090 over the last quarter. 29.95% of the stock is currently owned by insiders.

Dropbox Trading Up 2.8%

Dropbox stock opened at $29.66 on Friday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.54 and a beta of 0.65. The stock has a fifty day simple moving average of $29.81 and a two-hundred day simple moving average of $28.88. Dropbox, Inc. has a 12 month low of $24.42 and a 12 month high of $33.33.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The firm had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.59 million. During the same period in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DBX has been the subject of a number of recent research reports. UBS Group cut Dropbox from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $29.00 to $27.00 in a research note on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.75.

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.