Focus Partners Advisor Solutions LLC Takes Position in Docusign Inc. $DOCU

Focus Partners Advisor Solutions LLC purchased a new position in shares of Docusign Inc. (NASDAQ:DOCUFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,464 shares of the company’s stock, valued at approximately $865,000.

A number of other institutional investors and hedge funds have also modified their holdings of DOCU. Bank of America Corp DE grew its holdings in Docusign by 23.3% in the first quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock valued at $56,568,000 after purchasing an additional 225,801 shares during the last quarter. Capital World Investors raised its stake in shares of Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after buying an additional 1,603,900 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Docusign by 247.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock worth $15,504,000 after buying an additional 248,597 shares during the last quarter. CWM LLC boosted its position in shares of Docusign by 151.8% in the 4th quarter. CWM LLC now owns 47,290 shares of the company’s stock worth $3,235,000 after buying an additional 28,511 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Docusign in the 4th quarter worth about $6,897,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign Trading Down 3.6%

Docusign stock opened at $59.82 on Tuesday. The stock has a market cap of $11.42 billion, a PE ratio of 38.84, a P/E/G ratio of 1.83 and a beta of 0.87. The stock has a 50-day moving average price of $50.26 and a 200 day moving average price of $48.39. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $86.65.

Docusign (NASDAQ:DOCUGet Free Report) last announced its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities analysts predict that Docusign Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. BTIG Research cut their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research report on Friday, June 5th. Finally, Weiss Ratings raised shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.27.

Read Our Latest Research Report on Docusign

Insider Buying and Selling at Docusign

In related news, CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00. Following the transaction, the chief financial officer owned 126,429 shares of the company’s stock, valued at approximately $7,585,740. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $273,240.00. Following the sale, the executive owned 89,972 shares in the company, valued at approximately $4,097,324.88. This trade represents a 6.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 91,695 shares of company stock valued at $4,376,002. Corporate insiders own 0.59% of the company’s stock.

Docusign Company Profile

(Free Report)

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

Recommended Stories

Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Docusign Inc. (NASDAQ:DOCUFree Report).

Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.