Vanguard Group Inc. increased its holdings in Docusign Inc (NASDAQ:DOCU) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,922,947 shares of the company’s stock after purchasing an additional 69,428 shares during the period. Vanguard Group Inc.’s holdings in Docusign were worth $101,089,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Waratah Capital Advisors Ltd. bought a new stake in Docusign in the third quarter worth $1,062,000. LPL Financial LLC increased its position in Docusign by 74.5% in the third quarter. LPL Financial LLC now owns 66,172 shares of the company’s stock worth $3,479,000 after purchasing an additional 28,242 shares during the last quarter. US Bancorp DE increased its position in Docusign by 24.5% in the third quarter. US Bancorp DE now owns 23,425 shares of the company’s stock worth $1,231,000 after purchasing an additional 4,609 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Docusign in the second quarter worth $2,630,000. Finally, City Financial Investment Co Ltd bought a new stake in Docusign in the third quarter worth $3,585,000. Institutional investors own 37.03% of the company’s stock.
DOCU stock opened at $49.37 on Thursday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.53. Docusign Inc has a twelve month low of $35.06 and a twelve month high of $68.35.
Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.07). The business had revenue of $178.39 million for the quarter, compared to analyst estimates of $173.55 million. The company’s revenue was up 36.6% on a year-over-year basis. Equities research analysts forecast that Docusign Inc will post -2.5 earnings per share for the current year.
A number of research analysts have weighed in on DOCU shares. KeyCorp started coverage on shares of Docusign in a research report on Monday. They set an “overweight” rating and a $59.00 price objective on the stock. Zacks Investment Research cut shares of Docusign from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Goldman Sachs Group started coverage on shares of Docusign in a research report on Thursday, December 13th. They set a “neutral” rating and a $45.00 price objective on the stock. Morgan Stanley upgraded shares of Docusign from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $53.00 in a research report on Tuesday, January 15th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $50.00 price objective on shares of Docusign in a research report on Friday, December 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.42.
In other news, General Counsel Reginald D. Davis sold 31,804 shares of the company’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $45.01, for a total value of $1,431,498.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kirsten O. Wolberg sold 28,310 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,305,091.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 493,449 shares of company stock worth $21,202,765.
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DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
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