Dropbox, Inc. $DBX Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Posted by Geri Gentry on Nov 8th, 2026

Mirae Asset Global Investments Co. Ltd. acquired a new position in Dropbox, Inc. (NASDAQ:DBX – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 57,093 shares of the company’s stock, valued at approximately $1,933,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DBX. Arrowstreet Capital Limited Partnership lifted its stake in shares of Dropbox by 12.7% in 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 last quarter. Wedge Capital Management L L P NC grew its position in Dropbox by 26.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 3,005,173 shares of the company’s stock worth $82,552,000 after acquiring an additional 627,111 shares during the last quarter. Pacer Advisors Inc. grew its position in Dropbox by 2.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,047,966 shares of the company’s stock worth $46,530,000 after acquiring an additional 55,921 shares during the last quarter. KBC Group NV increased its stake in Dropbox by 12.6% in the 1st quarter. KBC Group NV now owns 944,829 shares of the company’s stock worth $21,466,000 after purchasing an additional 105,876 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Dropbox by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 390,386 shares of the company’s stock worth $8,870,000 after purchasing an additional 15,027 shares during the period. Institutional investors own 94.84% of the company’s stock.

Dropbox Price Performance

NASDAQ DBX opened at $34.66 on Friday. The stock has a market capitalization of $7.82 billion, a PE ratio of 18.74, a PEG ratio of 3.42 and a beta of 0.62. Dropbox, Inc. has a 1 year low of $21.69 and a 1 year high of $38.22. The business’s 50-day moving average is $35.29 and its 200 day moving average is $29.25.

Dropbox (NASDAQ:DBX – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $637.30 million for the quarter, compared to the consensus estimate of $629.59 million. Dropbox had a negative return on equity of 22.88% and a net margin of 17.17%. Dropbox’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, equities research analysts anticipate that Dropbox, Inc. will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen upgraded Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group raised their target price on shares of Dropbox from $23.00 to $26.00 and gave the stock a “sell” rating in a report on Friday. Zacks Research raised shares of Dropbox from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada upped their price target on shares of Dropbox from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stephens began coverage on shares of Dropbox in a research report on Tuesday, November 3rd. They set an “equal weight” rating and a $39.00 price target for the company. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $33.40.

Read Our Latest Analysis on DBX

Key Headlines Impacting Dropbox

Here are the key news stories impacting Dropbox this week:

Positive Sentiment: Dropbox reported Q3 adjusted EPS of $0.88 versus estimates of $0.73 and revenue of $637.3 million versus $629.6 million expected. Q4 revenue guidance of $630 million–$633 million also topped the $628.4 million consensus. Q3 earnings and revenue top estimates
Positive Sentiment: RBC raised its price target to $48 from $42 and maintained an Outperform rating, signaling improved analyst confidence. RBC raises Dropbox price target
Positive Sentiment: Dropbox plans to acquire Tigris Data for $350 million to build out AI infrastructure and introduce DBX Agent Cloud. Management expects the deal to close in Q4 2026 and has indicated 150 basis points of operating-margin expansion in 2027. Dropbox to acquire Tigris Data Margin expansion outlook
Neutral Sentiment: CEO Andrew Houston sold 383,800 shares under a pre-arranged Rule 10b5-1 trading plan; the planned nature of the sale makes its signal less clear. CEO share sale
Negative Sentiment: Revenue increased just 0.5% year over year, highlighting the modest underlying growth rate. The $350 million Tigris purchase also brings investment and integration risks as Dropbox pursues its AI strategy.

Insiders Place Their Bets

In other news, CEO Andrew Houston sold 383,800 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $35.81, for a total value of $13,743,878.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ashraf Alkarmi sold 28,800 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $35.54, for a total value of $1,023,552.00. Following the completion of the transaction, the chief executive officer owned 1,004,081 shares of the company’s stock, valued at approximately $35,685,038.74. The trade was a 2.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,331,268 shares of company stock valued at $46,553,783 over the last quarter. 35.48% of the stock is owned by company insiders.

Dropbox Profile

(Free Report)

Dropbox, Inc (NASDAQ: DBX) is a software company that provides cloud-based tools for storing, organizing, sharing and collaborating on files. Its platform enables individuals, businesses and teams to access documents, photos and other content across connected devices, synchronize files and manage shared workflows.

The company’s offerings include Dropbox for cloud storage and file collaboration, Dropbox Paper for shared documents and project work, Dropbox Sign for electronic signatures, and DocSend for securely sharing and tracking business documents.