Compass Wealth Management LLC Sells 83,886 Shares of Dropbox, Inc. (NASDAQ:DBX)

Compass Wealth Management LLC decreased its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,665 shares of the company’s stock after selling 83,886 shares during the period. Compass Wealth Management LLC’s holdings in Dropbox were worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its stake in shares of Dropbox by 11.6% in the fourth quarter. Fisher Asset Management LLC now owns 130,964 shares of the company’s stock valued at $3,861,000 after acquiring an additional 13,582 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Dropbox by 9.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 18,578 shares of the company’s stock valued at $548,000 after acquiring an additional 1,642 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Dropbox in the first quarter valued at approximately $240,000. Cooper Financial Group raised its stake in shares of Dropbox by 3.1% in the first quarter. Cooper Financial Group now owns 15,581 shares of the company’s stock valued at $379,000 after acquiring an additional 462 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in shares of Dropbox by 0.6% in the first quarter. West Coast Financial LLC now owns 232,989 shares of the company’s stock valued at $5,662,000 after acquiring an additional 1,439 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Dropbox Stock Performance

DBX traded up $0.16 during trading on Thursday, reaching $26.30. 502,166 shares of the company’s stock were exchanged, compared to its average volume of 3,753,985. The company’s fifty day moving average price is $24.41 and its 200-day moving average price is $23.39. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The firm has a market capitalization of $8.68 billion, a PE ratio of 17.30, a P/E/G ratio of 1.61 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, August 8th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Dropbox had a net margin of 23.06% and a negative return on equity of 161.78%. The firm had revenue of $634.50 million during the quarter, compared to analyst estimates of $630.10 million. During the same quarter in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts forecast that Dropbox, Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the completion of the transaction, the chief financial officer now owns 485,724 shares of the company’s stock, valued at $11,827,379.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the sale, the chief financial officer now directly owns 485,724 shares of the company’s stock, valued at approximately $11,827,379.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Houston sold 66,064 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $25.00, for a total transaction of $1,651,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares in the company, valued at $206,666,650. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 454,952 shares of company stock valued at $11,414,612 in the last quarter. Company insiders own 26.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DBX shares. UBS Group lowered their price target on shares of Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 9th. Citigroup lowered their price target on shares of Dropbox from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dropbox presently has a consensus rating of “Hold” and a consensus target price of $28.67.

About Dropbox

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.