Wedge Capital Management L L P NC Purchases 627,111 Shares of Dropbox, Inc. $DBX

Posted by Geri Gentry on Aug 12th, 2026

Wedge Capital Management L L P NC lifted its position in Dropbox, Inc. (NASDAQ:DBX – Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,005,173 shares of the company’s stock after purchasing an additional 627,111 shares during the quarter. Dropbox comprises 1.4% of Wedge Capital Management L L P NC’s holdings, making the stock its 7th largest position. Wedge Capital Management L L P NC’s holdings in Dropbox were worth $82,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DBX. LSV Asset Management increased its holdings in Dropbox by 1.1% in the 4th quarter. LSV Asset Management now owns 11,735,641 shares of the company’s stock worth $326,251,000 after buying an additional 121,999 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Dropbox by 12.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,533,736 shares of the company’s stock valued at $193,886,000 after acquiring an additional 960,109 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Dropbox by 1.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,095,485 shares of the company’s stock valued at $153,935,000 after acquiring an additional 70,867 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Dropbox by 28.1% in the fourth quarter. Allianz Asset Management GmbH now owns 2,720,372 shares of the company’s stock worth $75,626,000 after acquiring an additional 596,440 shares during the period. Finally, Norges Bank acquired a new stake in shares of Dropbox in the fourth quarter worth $69,909,000. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Activity at Dropbox

In other news, Director Andrew William Moore sold 8,443 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $27.57, for a total transaction of $232,773.51. Following the completion of the transaction, the director directly owned 4,737 shares of the company’s stock, valued at $130,599.09. This represents a 64.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William T. Yoon sold 7,230 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $27.57, for a total value of $199,331.10. Following the transaction, the insider owned 366,963 shares in the company, valued at $10,117,169.91. This trade represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 130,945 shares of company stock valued at $3,565,129 in the last ninety days. 35.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. William Blair upgraded shares of Dropbox from an “underperform” rating to a “market perform” rating in a research report on Friday. Citigroup boosted their price objective on Dropbox from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dropbox in a report on Monday, June 1st. Bank of America reiterated an “underperform” rating on shares of Dropbox in a research report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dropbox in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Dropbox has a consensus rating of “Reduce” and a consensus price target of $28.25.

Get Our Latest Analysis on DBX

Dropbox Stock Performance

Shares of Dropbox stock opened at $34.08 on Wednesday. The firm has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $26.59. The company has a market cap of $7.95 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 4.73 and a beta of 0.64. Dropbox, Inc. has a fifty-two week low of $21.69 and a fifty-two week high of $35.72.

Dropbox (NASDAQ:DBX – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Dropbox had a net margin of 17.49% and a negative return on equity of 24.26%. The business had revenue of $631.50 million for the quarter, compared to analyst estimates of $626.69 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Dropbox, Inc. will post 2.09 EPS for the current year.

Dropbox 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.