Meeder Asset Management Inc. Acquires Shares of 27,554 Dropbox, Inc. $DBX

Posted by Brian Himes on Jul 21st, 2026

Meeder Asset Management Inc. bought a new position in Dropbox, Inc. (NASDAQ:DBX – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,554 shares of the company’s stock, valued at approximately $626,000.

Several other institutional investors also recently bought and sold shares of DBX. Empowered Funds LLC raised its holdings in Dropbox by 7.3% in the first quarter. Empowered Funds LLC now owns 38,795 shares of the company’s stock worth $1,036,000 after buying an additional 2,655 shares during the last quarter. Cetera Investment Advisers lifted its position in Dropbox by 10.8% in the 2nd quarter. Cetera Investment Advisers now owns 24,623 shares of the company’s stock valued at $704,000 after acquiring an additional 2,405 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Dropbox by 88.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $48,000 after acquiring an additional 787 shares in the last quarter. Cresset Asset Management LLC boosted its stake in Dropbox by 75.8% during the 2nd quarter. Cresset Asset Management LLC now owns 15,230 shares of the company’s stock valued at $436,000 after purchasing an additional 6,569 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Dropbox by 360.9% during the 2nd quarter. Federated Hermes Inc. now owns 117,852 shares of the company’s stock valued at $3,371,000 after purchasing an additional 92,280 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ashraf Alkarmi sold 22,700 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $27.86, for a total transaction of $632,422.00. Following the completion of the sale, the chief executive officer directly owned 1,080,746 shares in the company, valued at approximately $30,109,583.56. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew William Moore sold 8,443 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $27.57, for a total transaction of $232,773.51. Following the sale, the director directly owned 4,737 shares of the company’s stock, valued at approximately $130,599.09. The trade was a 64.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 129,082 shares of company stock valued at $3,489,910 in the last 90 days. 35.48% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on DBX shares. Royal Bank Of Canada restated an “outperform” rating on shares of Dropbox in a research note on Monday, June 1st. Wall Street Zen raised Dropbox from a “hold” rating to a “buy” rating in a research report on Sunday, June 28th. Citigroup lifted their price objective on Dropbox from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. William Blair reissued an “underperform” rating on shares of Dropbox in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dropbox in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $27.00.

Check Out Our Latest Research Report on DBX

Dropbox Price Performance

NASDAQ DBX opened at $30.53 on Tuesday. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.35 and a beta of 0.66. Dropbox, Inc. has a 1-year low of $21.69 and a 1-year high of $32.40. The business’s fifty day moving average price is $27.63 and its 200-day moving average price is $25.97.

Dropbox (NASDAQ:DBX – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.71 by $0.05. Dropbox had a negative return on equity of 30.01% and a net margin of 18.71%.The company had revenue of $629.50 million during the quarter, compared to analyst estimates of $620.56 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. Dropbox’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Dropbox, Inc. will post 2.09 EPS for the current 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.