7 Cheap Small-Cap Stocks To Buy Now

4. Dropbox, Inc. (NASDAQ:DBX)

PE Ratio (FWD): 11.30 

Number of Hedge Fund Holders: 41

Dropbox, Inc. (NASDAQ:DBX) is a California-based cloud storage service company. The platform provides users with a seamless solution for file hosting, synchronization, and sharing through a dedicated application that allows the creation of a special folder on their devices. The folder syncs with Dropbox’s cloud servers, which ensures that files remain updated across all linked devices.

The company has adopted a freemium business model, which allows users to access a basic level of service for free while offering paid subscriptions for additional features and storage capacity. The platform has expanded its offerings over the years and has integrated collaboration tools and acquired various companies to improve its functionalities.

It serves multiple industries including construction, media, technology, manufacturing, and education. Over the years, Dropbox (NASDAQ:DBX) has expanded its ecosystem by acquiring several companies to improve its services. Important acquisitions include Mailbox, an email app, and HelloSign, an e-signature platform, which have added useful features to the company’s main offerings.

On August 20, Reclaim.ai, a company that provides an AI-powered scheduling tool by the same name, announced that it has been acquired by Dropbox (NASDAQ:DBX). The acquisition will help the company improve its productivity offerings.

It will be able to provide users with a more streamlined way to manage their time and prioritize tasks effectively. Currently, Reclaim is used by over 320,000 people across more than 43,000 companies worldwide.

According to Insider Monkey’s database of 912 hedge funds, Dropbox (NASDAQ:DBX) shares were held by 41 hedge funds, valued at $481.008 million in the second quarter. With 10.3 million shares worth $231.76 million, Renaissance Technologies is the company’s most prominent shareholder, as of June 30. It is the 4th cheapest small-cap stock to buy now.