Dropbox (DBX)

• Market cap: $8.5B
• 1 day: 0.17%
• 5 days: 2.97%
• 1 month: 10.36%
• 3 months: -7.49%
• 6 months: 5.66%
• Year to date: -0.17%
• 1 year: 24.04%
• 5 years: 33.35%
• 10 years: 3.62%
• Sector: Technology
• Industry: Software - Infrastructure

About: Dropbox provides cloud storage and content collaboration tools, focusing on individuals and small to midsize businesses. Founded in 2007, Dropbox was a pioneer in the file sync and share market. In recent years, the firm has been emphasizing its Dash product, which facilitates AI-powered universal search across unstructured cloud data.

Employees: 2,204

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

215% more call options, than puts

Call options by funds: $324M | Put options by funds: $103M

82% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 44

23% more capital invested

Capital invested by funds: $5.57B [Q3] → $6.84B (+$1.27B) [Q4]

13.23% more ownership

Funds ownership: 89.09% [Q3] → 102.32% (+13.23%) [Q4]

7% more funds holding

Funds holding: 415 [Q3] → 443 (+28) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 159

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 5% upside
• Avg. target: $32 7% upside
• High target: $32 8% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

UBS Rich Hilliker 67% 1-year accuracy 2 / 3 met price target	5% upside $31	Buy Maintained	9 May 2025
Citigroup Steven Enders 41% 1-year accuracy 12 / 29 met price target	8% upside $32	Neutral Maintained	9 May 2025