Jupiter Wealth Management LLC purchased a new position in shares of Docusign Inc (NASDAQ:DOCU) in the 1st quarter, Holdings Channel reports. The firm purchased 5,995 shares of the company’s stock, valued at approximately $316,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hershey Trust Co. lifted its stake in shares of Docusign by 2.8% in the 1st quarter. Hershey Trust Co. now owns 101,901 shares of the company’s stock valued at $5,283,000 after purchasing an additional 2,802 shares during the last quarter. Strs Ohio acquired a new position in shares of Docusign in the 1st quarter valued at $182,000. Sage Rhino Capital LLC acquired a new position in shares of Docusign in the 1st quarter valued at $7,236,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Docusign in the 1st quarter valued at $66,000. Finally, Sciencast Management LP acquired a new position in shares of Docusign in the 1st quarter valued at $430,000. Hedge funds and other institutional investors own 53.26% of the company’s stock.
In related news, insider Kirsten O. Wolberg sold 28,310 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Loren Alhadeff sold 8,717 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $56.04, for a total value of $488,500.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 602,905 shares of company stock worth $30,201,780.
DOCU traded up $1.09 during mid-day trading on Monday, hitting $53.88. 19,293 shares of the stock were exchanged, compared to its average volume of 1,897,802. Docusign Inc has a 1-year low of $35.06 and a 1-year high of $68.35. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.71. The firm has a market cap of $9.09 billion and a price-to-earnings ratio of -18.65.
Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). Docusign had a negative return on equity of 86.06% and a negative net margin of 60.84%. The firm had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. Docusign’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, research analysts forecast that Docusign Inc will post -1 earnings per share for the current year.
Several equities analysts have recently commented on the company. Wedbush upped their price target on Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Piper Jaffray Companies upped their price target on Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, March 11th. Deutsche Bank raised Docusign from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $65.00 in a research note on Tuesday, February 12th. Zacks Investment Research raised Docusign from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, KeyCorp assumed coverage on Docusign in a research note on Monday, January 28th. They issued an “overweight” rating and a $59.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Docusign currently has a consensus rating of “Buy” and a consensus target price of $61.75.
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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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