Docusign Inc (NASDAQ:DOCU) COO Scott V. Olrich sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $54.85, for a total value of $548,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ:DOCU opened at $54.10 on Monday. Docusign Inc has a one year low of $35.06 and a one year high of $68.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.91 and a current ratio of 1.91.
Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The company had revenue of $199.73 million during the quarter, compared to analyst estimates of $193.63 million. The firm’s revenue was up 34.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Docusign Inc will post -1 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Wedbush increased their target price on Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, March 15th. ValuEngine cut Docusign from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. Piper Jaffray Companies increased their target price on Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, March 11th. Zacks Investment Research raised Docusign from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, KeyCorp assumed coverage on Docusign in a report on Monday, January 28th. They set an “overweight” rating and a $59.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.27.
Several large investors have recently bought and sold shares of DOCU. Clearbridge Investments LLC grew its position in Docusign by 8.7% in the first quarter. Clearbridge Investments LLC now owns 1,677,883 shares of the company’s stock worth $86,981,000 after acquiring an additional 134,932 shares during the period. Rehmann Capital Advisory Group grew its position in Docusign by 226.1% in the first quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock worth $45,000 after acquiring an additional 606 shares during the period. Advisory Services Network LLC grew its position in Docusign by 57.1% in the first quarter. Advisory Services Network LLC now owns 8,761 shares of the company’s stock worth $454,000 after acquiring an additional 3,185 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in Docusign by 30.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 58,670 shares of the company’s stock worth $3,041,000 after acquiring an additional 13,529 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its position in Docusign by 4.2% in the first quarter. Metropolitan Life Insurance Co NY now owns 5,896 shares of the company’s stock worth $305,000 after acquiring an additional 237 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.
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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