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SVB Wealth LLC bought $230,000 worth of Dropbox shares, despite the company missing EPS targets.
SVB Wealth LLC recently bought $230,000 worth of Dropbox shares, joining other institutional investors who've increased their stakes.
Dropbox's latest earnings showed a miss on EPS, reporting $0.51 when analysts expected $0.62, though revenue slightly beat estimates at $643.6 million.
Despite missing EPS targets, Jefferies Financial Group raised Dropbox's price target to $30.00 and maintained a "hold" rating.
Institutional investors own 94.84% of the company’s stock.
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SVB Wealth LLC compró acciones de Dropbox por un valor de 230.000 dólares, a pesar de que la compañía no tenía objetivos de EPS.