Dropbox(DBX) Shares Rally 3.07% on Institutional Buying

Dropbox(DBX) shares rose 0.40% today, marking the second consecutive day of gains, with a total increase of 3.07% over the past two days. The share price reached its highest level since February 2025, with an intraday gain of 2.85%.

Institutional investors have shown significant interest in Dropbox, which may have contributed to the recent stock price movements. Canada Pension Plan Investment Board increased its holdings in Dropbox by 14.5% in the fourth quarter. This move could have influenced investor perception and driven demand for the stock.

Additionally, LPL Financial LLC boosted its stake in Dropbox by 31.2% during the same period. This substantial increase in holdings by a major financial institution could have further impacted the stock price by enhancing investor confidence and driving up demand.