Miracle Mile Advisors LLC purchased a new position in shares of Docusign Inc (NASDAQ:DOCU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 75,925 shares of the company’s stock, valued at approximately $3,936,000.
Other large investors also recently bought and sold shares of the company. Sonora Investment Management LLC purchased a new position in shares of Docusign in the 1st quarter valued at $31,000. Clean Yield Group purchased a new position in shares of Docusign in the 1st quarter valued at $31,000. Private Capital Group LLC raised its stake in shares of Docusign by 173.0% in the 4th quarter. Private Capital Group LLC now owns 819 shares of the company’s stock valued at $33,000 after acquiring an additional 519 shares during the period. Parallel Advisors LLC raised its stake in shares of Docusign by 244.1% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the company’s stock valued at $36,000 after acquiring an additional 642 shares during the period. Finally, Caz Investments LP raised its stake in shares of Docusign by 86.6% in the 4th quarter. Caz Investments LP now owns 933 shares of the company’s stock valued at $37,000 after acquiring an additional 433 shares during the period. 53.08% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on DOCU shares. Deutsche Bank raised shares of Docusign from a “hold” rating to a “buy” rating and raised their price target for the company from $50.00 to $65.00 in a report on Tuesday, February 12th. KeyCorp started coverage on shares of Docusign in a report on Monday, January 28th. They set an “overweight” rating and a $59.00 price target for the company. Zacks Investment Research raised shares of Docusign from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Piper Jaffray Companies raised their price target on shares of Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, March 11th. Finally, ValuEngine lowered shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Docusign presently has an average rating of “Buy” and an average price target of $61.75.
DOCU opened at $54.46 on Friday. The firm has a market cap of $9.49 billion and a P/E ratio of -18.77. Docusign Inc has a twelve month low of $35.06 and a twelve month high of $68.35. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.71.
Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). The firm had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities analysts forecast that Docusign Inc will post -1 earnings per share for the current year.
In other Docusign news, COO Scott V. Olrich sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $53.39, for a total transaction of $533,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Loren Alhadeff sold 8,717 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $56.04, for a total transaction of $488,500.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,883 shares of company stock valued at $2,212,890. 13.60% of the stock is owned by company insiders.
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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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