Orion Portfolio Solutions LLC Invests $688,000 in Dropbox, Inc. (NASDAQ:DBX)

Orion Portfolio Solutions LLC purchased a new stake in Dropbox, Inc. (NASDAQ:DBX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,060 shares of the company’s stock, valued at approximately $688,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBX. Capital Performance Advisors LLP purchased a new position in Dropbox during the third quarter valued at $28,000. Fifth Third Bancorp lifted its stake in Dropbox by 548.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock valued at $31,000 after buying an additional 1,169 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Dropbox in the 3rd quarter worth about $31,000. Quarry LP increased its stake in Dropbox by 81.1% during the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after buying an additional 880 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,686 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Price Performance

NASDAQ DBX opened at $30.45 on Tuesday. The stock’s 50 day simple moving average is $27.22 and its 200-day simple moving average is $24.59. The company has a market cap of $9.43 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.43.

Insider Activity at Dropbox

In related news, CEO Andrew Houston sold 3,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.00, for a total value of $87,325.00. Following the completion of the sale, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at approximately $206,666,650. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Cox sold 2,330 shares of Dropbox stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.41, for a total value of $61,535.30. Following the transaction, the insider now owns 321,871 shares in the company, valued at approximately $8,500,613.11. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 731,381 shares of company stock valued at $19,446,607. 26.40% of the stock is owned by insiders.

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.