Jacobs Levy Equity Management Reduces $8M in Dropbox, Inc. ($DBX)
Key Points
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Jacobs Levy Equity Management trimmed its position in Dropbox, Inc. ($DBX) by 5.79% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,803,221 shares of Dropbox, Inc. after selling 295,096 shares during the quarter. Jacobs Levy Equity Management's holdings in Dropbox, Inc. were worth $129.59 million as of its most recent filing.
Dropbox, Inc. Stock Down 24.4%
Shares of Dropbox, Inc. ($DBX) traded around $26.98 on Saturday, down 24.4% for the day.
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About Dropbox, Inc.
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features. Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations. The company serves customers in the professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
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