Norges Bank Buys New Stake in Dropbox, Inc. $DBX

Posted by Francis Steltz on Jun 7th, 2026

Norges Bank bought a new stake in Dropbox, Inc. (NASDAQ:DBX – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,514,706 shares of the company’s stock, valued at approximately $69,909,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC increased its holdings in Dropbox by 128.5% in the 3rd quarter. Rossby Financial LCC now owns 937 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Palisade Asset Management LLC purchased a new position in Dropbox in the 3rd quarter valued at approximately $30,000. Larson Financial Group LLC boosted its position in Dropbox by 228.0% in the 4th quarter. Larson Financial Group LLC now owns 1,138 shares of the company’s stock valued at $32,000 after buying an additional 791 shares during the period. Geneos Wealth Management Inc. boosted its position in Dropbox by 78.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock valued at $36,000 after buying an additional 558 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Dropbox by 342.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock valued at $44,000 after buying an additional 1,121 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Dropbox in a research report on Monday, June 1st. UBS Group decreased their price target on shares of Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, February 20th. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Dropbox in a research report on Monday, May 4th. Finally, Citigroup raised their price target on shares of Dropbox from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $27.00.

View Our Latest Stock Report on DBX

Insider Buying and Selling at Dropbox

In other news, CTO Ali Dasdan sold 5,666 shares of Dropbox stock in a transaction on Monday, May 18th. The shares were sold at an average price of $27.56, for a total transaction of $156,154.96. Following the completion of the sale, the chief technology officer directly owned 514,611 shares of the company’s stock, valued at approximately $14,182,679.16. The trade was a 1.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Houston sold 30,332 shares of Dropbox stock in a transaction on Monday, May 18th. The stock was sold at an average price of $27.50, for a total transaction of $834,130.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 239,883 shares of company stock worth $6,006,972. 35.48% of the stock is currently owned by company insiders.

Dropbox Trading Up 1.2%

Dropbox stock opened at $27.52 on Friday. The stock has a market cap of $6.42 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The company has a fifty day simple moving average of $25.11 and a 200-day simple moving average of $26.19. Dropbox, Inc. has a 12-month low of $21.69 and a 12-month high of $32.40.

Dropbox (NASDAQ:DBX – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The business had revenue of $629.50 million during the quarter, compared to analysts’ expectations of $620.56 million. Dropbox had a net margin of 18.71% and a negative return on equity of 30.01%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. As a group, sell-side analysts forecast that Dropbox, Inc. will post 2.09 earnings per share for the current fiscal year.

Dropbox Company Profile

(Free Report)

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.