BBVA USA Bancshares Inc. purchased a new position in Docusign Inc (NASDAQ:DOCU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,020 shares of the company’s stock, valued at approximately $310,000.
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Other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in shares of Docusign during the 3rd quarter worth about $25,000. Hartford Financial Management Inc. acquired a new stake in shares of Docusign during the 3rd quarter valued at $31,000. Whittier Trust Co. raised its position in Docusign by 229.4% during the 3rd quarter. Whittier Trust Co. now owns 560 shares of the company’s stock worth $35,000 after purchasing an additional 390 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Docusign during the 2nd quarter worth $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Docusign by 261.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the company’s stock worth $38,000 after purchasing an additional 556 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.
In other Docusign news, COO Scott V. Olrich sold 4,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $58.98, for a total value of $235,920.00. Also, CRO Loren Alhadeff sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $55.64, for a total transaction of $1,335,360.00. Over the last three months, insiders sold 68,698 shares of company stock valued at $4,184,489. 13.60% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on DOCU shares. FBN Securities set a $65.00 target price on Docusign and gave the stock a “buy” rating in a research report on Friday, September 6th. Morgan Stanley lifted their price objective on Docusign from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup lifted their price objective on Docusign from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. boosted their target price on Docusign from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, ValuEngine upgraded Docusign from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Docusign currently has an average rating of “Buy” and a consensus price target of $69.44.
Docusign stock traded up $1.86 during trading on Monday, hitting $72.98. The stock had a trading volume of 35,668 shares, compared to its average volume of 1,652,616. The stock’s 50 day moving average is $66.17 and its two-hundred day moving average is $55.90. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. Docusign Inc has a 1 year low of $36.25 and a 1 year high of $71.50. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of -24.52 and a beta of 1.45.
Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.24. The firm had revenue of $235.61 million for the quarter, compared to analysts’ expectations of $220.81 million. Docusign had a negative net margin of 28.20% and a negative return on equity of 26.70%. The business’s quarterly revenue was up 41.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, equities research analysts anticipate that Docusign Inc will post -1.04 EPS for the current fiscal year.
Docusign Company Profile
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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