Sanctuary Advisors LLC Invests $268,000 in Dropbox, Inc. (NASDAQ:DBX)

Sanctuary Advisors LLC purchased a new stake in shares of Dropbox, Inc. (NASDAQ:DBX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,582 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of Dropbox by 10.6% during the third quarter. QRG Capital Management Inc. now owns 221,716 shares of the company’s stock valued at $5,638,000 after buying an additional 21,190 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Dropbox in the 3rd quarter valued at about $482,000. Charles Schwab Investment Management Inc. grew its stake in Dropbox by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock worth $71,108,000 after acquiring an additional 228,685 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Dropbox by 6.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,762 shares of the company’s stock worth $59,907,000 after acquiring an additional 134,503 shares during the period. Finally, IVY Lane Capital Management LLC purchased a new stake in shares of Dropbox in the third quarter valued at approximately $3,179,000. 94.84% of the stock is currently owned by institutional investors.

Insider Transactions at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $25.71, for a total transaction of $64,275.00. Following the completion of the sale, the chief financial officer now directly owns 464,247 shares in the company, valued at $11,935,790.37. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Houston sold 137,499 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $30.05, for a total value of $4,131,844.95. Following the sale, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 630,635 shares of company stock valued at $16,927,677. 26.40% of the stock is currently owned by corporate insiders.

Dropbox Stock Down 0.7 %

DBX opened at $30.52 on Friday. The stock’s fifty day moving average is $28.10 and its two-hundred day moving average is $25.17. The company has a market capitalization of $9.45 billion, a P/E ratio of 17.64, a PEG ratio of 1.68 and a beta of 0.63. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43.

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.