Avitas Wealth Management LLC bought a new stake in shares of Docusign Inc (NASDAQ:DOCU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,370 shares of the company’s stock, valued at approximately $808,000.
Other large investors have also recently bought and sold shares of the company. Bain Capital Public Equity Management LLC bought a new stake in Docusign in the 2nd quarter valued at $343,705,000. FMR LLC boosted its stake in shares of Docusign by 17.3% during the 3rd quarter. FMR LLC now owns 3,799,380 shares of the company’s stock worth $193,053,000 after purchasing an additional 559,971 shares during the period. BlackRock Inc. boosted its position in Docusign by 24.3% in the 3rd quarter. BlackRock Inc. now owns 2,108,400 shares of the company’s stock valued at $110,838,000 after buying an additional 412,766 shares during the period. American Century Companies Inc. purchased a new stake in Docusign in the 3rd quarter valued at about $103,254,000. Finally, Vanguard Group Inc. boosted its position in Docusign by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,922,947 shares of the company’s stock valued at $101,089,000 after buying an additional 69,428 shares during the period. Hedge funds and other institutional investors own 37.06% of the company’s stock.
In related news, insider William Neil Hudspith sold 37,500 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $40.75, for a total transaction of $1,528,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith J. Krach sold 51,982 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $40.34, for a total transaction of $2,096,953.88. The disclosure for this sale can be found here. Insiders sold 321,166 shares of company stock valued at $13,469,571 over the last quarter.
Several research analysts recently commented on DOCU shares. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $88.00 price objective on shares of Docusign in a research note on Thursday, September 6th. JMP Securities increased their price target on shares of Docusign from $63.00 to $68.00 and gave the stock a “market outperform” rating in a report on Thursday, September 6th. Morgan Stanley upped their price objective on shares of Docusign from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 6th. Bank of America upped their price objective on shares of Docusign from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research upgraded shares of Docusign from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Docusign presently has an average rating of “Hold” and a consensus price target of $58.27.
Shares of NASDAQ DOCU opened at $38.83 on Friday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.53. Docusign Inc has a 52 week low of $35.06 and a 52 week high of $68.35.
Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, December 6th. The company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.07). The firm had revenue of $178.39 million for the quarter, compared to analyst estimates of $173.55 million. The firm’s revenue was up 36.6% compared to the same quarter last year. As a group, analysts anticipate that Docusign Inc will post -2.5 EPS for the current year.
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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