DropCar Institutional ownership

What is the Institutional ownership of DropCar?

The Institutional ownership of DropCar, Inc. is 1.86%

What is the definition of Institutional ownership?



Institutional Ownership is the amount of a company’s available stock owned by mutual or pension funds, insurance companies, investment firms, endowments or other large entities that manage funds on the behalf of others.

Given the considerable sums of money that institutions invest, it is not surprising that they tend to be much more knowledgeable than the average investor when it comes to the companies and industries in which they have invested.

Institutional portfolio managers often meet personally with a company's top executives, and in many cases the research they conduct is further supported by equity analysts who evaluate prospective companies and industries in great depth before making specific investment recommendations.

Institutional ownership of companies in the Technology sector on NASDAQ compared to DropCar

What does DropCar do?

DropCar, Inc. operates as a cloud-based vehicle support platform and mobile app. It helps consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. The company was founded by Michael Spencer Richardson and David Brian Newman in September 2014 and is headquartered in New York, NY.

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