Compass Wealth Management LLC Sells 66,665 Shares of Dropbox, Inc. (NASDAQ:DBX)

Compass Wealth Management LLC trimmed its stake in Dropbox, Inc. (NASDAQ:DBX) by 82.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the company’s stock after selling 66,665 shares during the quarter. Compass Wealth Management LLC’s holdings in Dropbox were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DBX. Capital Performance Advisors LLP bought a new stake in Dropbox in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Dropbox in the third quarter valued at approximately $31,000. UMB Bank n.a. lifted its stake in shares of Dropbox by 2,479.4% during the 3rd quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after buying an additional 1,686 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Dropbox by 35.6% in the 4th quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock worth $54,000 after buying an additional 472 shares during the period. Finally, Quarry LP grew its stake in Dropbox by 81.1% in the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after buying an additional 880 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

Insider Activity at Dropbox

In other Dropbox news, CEO Andrew Houston sold 80,499 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $30.97, for a total transaction of $2,493,054.03. Following the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $256,018,646.02. This represents a 0.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $25.71, for a total value of $64,275.00. Following the completion of the transaction, the chief financial officer now owns 464,247 shares of the company’s stock, valued at approximately $11,935,790.37. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 902,568 shares of company stock worth $26,713,030 over the last quarter. 26.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their target price on Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dropbox currently has a consensus rating of “Hold” and a consensus price target of $27.50.

Dropbox Stock Performance

DBX stock opened at $31.48 on Friday. The firm’s fifty day moving average is $29.52 and its 200 day moving average is $26.31. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The firm has a market cap of $9.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.58 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.16). Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. The firm had revenue of $638.80 million for the quarter, compared to analysts’ expectations of $636.93 million. During the same period in the previous year, the company earned $0.35 EPS. As a group, analysts forecast that Dropbox, Inc. will post 1.49 EPS for the current year.

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.