Flagship Harbor Advisors LLC lowered its stake in shares of Docusign Inc (NASDAQ:DOCU) by 70.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,446 shares of the company’s stock after selling 3,380 shares during the period. Flagship Harbor Advisors LLC’s holdings in Docusign were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Capital Group LLC raised its holdings in shares of Docusign by 173.0% during the fourth quarter. Private Capital Group LLC now owns 819 shares of the company’s stock valued at $33,000 after purchasing an additional 519 shares during the period. Cornerstone Advisors Inc. acquired a new stake in shares of Docusign in the 4th quarter worth about $61,000. Utah Retirement Systems raised its holdings in shares of Docusign by 34.8% in the 3rd quarter. Utah Retirement Systems now owns 6,200 shares of the company’s stock worth $326,000 after acquiring an additional 1,600 shares during the last quarter. Opera Trading Capital acquired a new stake in shares of Docusign in the 3rd quarter worth about $101,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Docusign by 46.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 7,894 shares of the company’s stock worth $415,000 after acquiring an additional 2,494 shares during the last quarter. Hedge funds and other institutional investors own 37.32% of the company’s stock.
In other Docusign news, insider Kirsten O. Wolberg sold 28,310 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $46.10, for a total value of $1,305,091.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary G. Meeker sold 9,646 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $42.98, for a total transaction of $414,585.08. The disclosure for this sale can be found here. Insiders sold a total of 493,449 shares of company stock valued at $21,202,765 over the last ninety days.
DOCU opened at $49.96 on Monday. 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 fifty-two week low of $35.06 and a fifty-two week high of $68.35.
Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, December 6th. The company reported ($0.30) earnings per share (EPS) 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 firm’s quarterly revenue was up 36.6% compared to the same quarter last year. On average, analysts anticipate that Docusign Inc will post -2.5 earnings per share for the current year.
A number of equities research analysts recently weighed in on DOCU shares. Morgan Stanley restated a “hold” rating on shares of Docusign in a report on Sunday, December 9th. Zacks Investment Research lowered shares of Docusign from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. KeyCorp started coverage on shares of Docusign in a report on Monday, January 28th. They issued an “overweight” rating and a $59.00 target price on the stock. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 target price on shares of Docusign in a report on Friday, December 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.42.
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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