Nasdaq dropbox stock price free#

They need to offer the services, but they don't need huge margins for them.ĭropBox also has not done a great job of penetrating the enterprise markets. The problem for Dropbox is the business is a rounding error for the computing giants, and they can turn the type of cloud products that DropBox offers into commodity products. (NASDAQ: MSFT) are getting their act together when it comes to cloud storage. The other problem that it has is that large competitors like Alphabet Inc. It has not done such a great job at converting those people to paid users of the products.

Nasdaq dropbox stock price free#

It has done a pretty good job of getting people to sign up for the free storage services it offers. It also has DocSend and a program that makes digital signatures easier to use.īusiness should be booming during this work-from-home era, but it's underwhelmed. It has a product that allows people to share documents and work on them together. Dropbox went public back in 2018 and has traded below its IPO price for most of the time since.ĭropBox offers a place for people to digitally store documents and photos. Looking at DropBox, it's easy to see what Singer and his team at Elliott see in the company. We'll show you everything you need to know. So what plans do they have in store for DropBox? And does that mean now is a good time to buy DropBox stock? Taking a more than 10% stake in a cloud storage company and taking on the founder/CEO and one of the more successful Venture Capital funds in the United States is not that daunting a task after that. However, we are talking about a man who once seized a naval vessel owned by Argentina as part of a struggle over that nation's defaulted debt. That's a voting block of over 41%, so a proxy fight would probably be over before it began. The two largest shareholders are CEO Andrew Houston, who owns 29%, and Sequoia, the venture capital fund, which owns 13%. It is an interesting move by the hedge fund led by Paul Singer.

That would mean his stake is more than the $838 million position owned by Blackrock Inc. It took fearless activist Elliott Management to get investors interested, but DropBox stock is finally attracting some positive attention from investors.Īnd that puts the stock square on our buying radar.Īlthough the 13D has not been filed with the SEC yet, there has been talk in the press that Elliott Management is now the largest outside shareholder of Dropbox Inc. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply.