J.W. Cole Advisors Inc. grew its holdings in DocuSign, Inc. (NASDAQ:DOCU – Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,946 shares of the company’s stock after acquiring an additional 155 shares during the period. J.W. Cole Advisors Inc.’s holdings in DocuSign were worth $493,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. American Century Companies Inc. boosted its holdings in DocuSign by 1.9% during the second quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock worth $219,318,000 after buying an additional 75,026 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in DocuSign by 18.3% during the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock worth $199,518,000 after buying an additional 576,414 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in DocuSign by 77.9% during the second quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after buying an additional 1,541,816 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in DocuSign by 316.6% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock worth $203,536,000 after buying an additional 2,597,489 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in DocuSign by 4.1% during the second quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock worth $156,265,000 after buying an additional 115,616 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Daniel D. Springer sold 70,983 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.84, for a total transaction of $3,537,792.72. Following the completion of the sale, the director now directly owns 891,373 shares in the company, valued at approximately $44,426,030.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Daniel D. Springer sold 70,983 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.84, for a total transaction of $3,537,792.72. Following the completion of the sale, the director now directly owns 891,373 shares in the company, valued at approximately $44,426,030.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the sale, the chief executive officer now owns 102,193 shares of the company’s stock, valued at approximately $6,038,584.37. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,777 shares of company stock worth $7,267,469. Insiders own 1.66% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on DOCU
DocuSign Stock Down 1.7 %
Shares of NASDAQ DOCU opened at $68.98 on Thursday. The firm has a 50-day simple moving average of $62.63 and a 200-day simple moving average of $57.86. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92. DocuSign, Inc. has a 52 week low of $38.20 and a 52 week high of $73.80.
DocuSign (NASDAQ:DOCU – Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.17. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. During the same period last year, the business earned $0.09 earnings per share. DocuSign’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that DocuSign, Inc. will post 1.01 EPS for the current year.
DocuSign Profile
DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.
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