Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Docusign Inc (NASDAQ:DOCU) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,498,153 shares of the company’s stock after purchasing an additional 35,397 shares during the period. Docusign comprises about 2.0% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 10th biggest holding. Gilder Gagnon Howe & Co. LLC owned about 0.82% of Docusign worth $257,997,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Docusign during the first quarter worth about $25,000. Toth Financial Advisory Corp lifted its holdings in Docusign by 222.2% in the second quarter. Toth Financial Advisory Corp now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in Docusign by 3,033.3% in the first quarter. Altshuler Shaham Ltd now owns 282 shares of the company’s stock worth $26,000 after acquiring an additional 273 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in Docusign in the second quarter worth about $26,000. Finally, WASHINGTON TRUST Co bought a new position in Docusign in the second quarter worth about $27,000. 76.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ DOCU traded down $25.75 during mid-day trading on Friday, reaching $216.26. 26,930,604 shares of the company traded hands, compared to its average volume of 6,745,771. Docusign Inc has a fifty-two week low of $45.52 and a fifty-two week high of $290.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $39.69 billion, a PE ratio of -191.38 and a beta of 0.86. The stock has a fifty day simple moving average of $209.45 and a 200-day simple moving average of $142.45.
Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.38. Docusign had a negative net margin of 17.74% and a negative return on equity of 27.71%. The business had revenue of $342.21 million for the quarter, compared to analyst estimates of $318.55 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 45.2% on a year-over-year basis. As a group, analysts predict that Docusign Inc will post -0.74 EPS for the current fiscal year.
A number of equities analysts have issued reports on DOCU shares. Zacks Investment Research cut shares of Docusign from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Co started coverage on shares of Docusign in a report on Tuesday, June 23rd. They issued an “equal weight” rating and a $160.00 target price on the stock. William Blair reissued a “buy” rating on shares of Docusign in a report on Wednesday, July 8th. BidaskClub cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Deutsche Bank lowered shares of Docusign from a “buy” rating to a “hold” rating and set a $225.00 price target on the stock. in a research note on Friday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $205.17.
In other Docusign news, Director Peter Solvik sold 16,452 shares of Docusign stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $167.51, for a total value of $2,755,874.52. Following the transaction, the director now owns 7,561 shares in the company, valued at $1,266,543.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Scott V. Olrich sold 5,800 shares of Docusign stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $193.08, for a total transaction of $1,119,864.00. Following the completion of the transaction, the chief operating officer now owns 399,917 shares in the company, valued at approximately $77,215,974.36. The disclosure for this sale can be found here. Insiders have sold 172,241 shares of company stock worth $31,531,917 in the last quarter. Company insiders own 5.06% of the company’s stock.
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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