Pendal Group Ltd acquired a new position in Docusign Inc (NASDAQ:DOCU) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,116 shares of the company’s stock, valued at approximately $213,000.
Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Docusign by 40.6% during the fourth quarter. FMR LLC now owns 5,343,427 shares of the company’s stock worth $214,165,000 after buying an additional 1,544,047 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Docusign by 60.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,087,761 shares of the company’s stock valued at $203,917,000 after purchasing an additional 1,909,833 shares during the period. BlackRock Inc. raised its position in Docusign by 17.9% in the fourth quarter. BlackRock Inc. now owns 2,485,042 shares of the company’s stock valued at $99,601,000 after purchasing an additional 376,642 shares during the period. Accel London III Associates L.P. purchased a new stake in Docusign in the fourth quarter valued at $98,230,000. Finally, Vanguard Group Inc raised its position in Docusign by 3.7% in the third quarter. Vanguard Group Inc now owns 1,922,947 shares of the company’s stock valued at $101,089,000 after purchasing an additional 69,428 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.
DOCU has been the topic of a number of research analyst reports. ValuEngine downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Docusign from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Deutsche Bank upgraded Docusign from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $65.00 in a report on Tuesday, February 12th. Piper Jaffray Companies boosted their price objective on Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, March 11th. Finally, Wedbush boosted their price objective on Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Docusign has a consensus rating of “Buy” and an average target price of $63.27.
DOCU traded down $0.09 on Wednesday, hitting $54.38. 1,389,549 shares of the company were exchanged, compared to its average volume of 2,128,665. Docusign Inc has a twelve month low of $35.06 and a twelve month high of $68.35. The stock has a market capitalization of $9.42 billion and a price-to-earnings ratio of -18.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.91.
Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). The company had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. Docusign had a negative return on equity of 86.06% and a negative net margin of 60.84%. Docusign’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, research analysts anticipate that Docusign Inc will post -1 earnings per share for the current year.
In other news, CRO Loren Alhadeff sold 8,717 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $56.04, for a total transaction of $488,500.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott V. Olrich sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $53.39, for a total value of $533,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,883 shares of company stock valued at $2,109,190. Insiders own 13.60% of the company’s stock.
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DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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