2 weeks Ago By Defense World Staff
Townsquare Capital LLC cut its stake in shares of DocuSign, Inc. (NASDAQ:DOCU – Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 4,680 shares of the company’s stock after selling 423 shares during the quarter. Townsquare Capital LLC’s holdings in DocuSign were worth $421,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also added to or reduced their stakes in DOCU.
FMR LLC grew its stake in shares of DocuSign by 178.2% during the fourth quarter. FMR LLC now owns 6,101,024 shares of the company’s stock worth $548,726,000 after buying an additional 3,908,139 shares during the last quarter.
American Century Companies Inc. grew its position in DocuSign by 18.5% during the 4th quarter.
American Century Companies Inc. now owns 5,315,459 shares of the company’s stock worth $478,072,000 after acquiring an additional 831,611 shares during the last quarter. Renaissance Technologies LLC increased its holdings in DocuSign by 4.
9% in the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company’s stock worth $392,434,000 after purchasing an additional 205,304 shares in the last quarter. Geode Capital Management LLC raised its position in DocuSign by 7.
2% in the fourth quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company’s stock valued at $335,147,000 after purchasing an additional 249,179 shares during the last quarter. Finally, Invesco Ltd.
boosted its stake in shares of DocuSign by 283.9% during the fourth quarter. Invesco Ltd.
now owns 3,447,275 shares of the company’s stock valued at $310,048,000 after purchasing an additional 2,549,310 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.
DocuSign Stock Down 1.3 %Shares of NASDAQ DOCU opened at $75.42 on Monday.
The firm has a market cap of $15.27 billion, a PE ratio of 15.55, a P/E/G ratio of 6.
94 and a beta of 1.20. The company’s fifty day simple moving average is $81.
35 and its 200 day simple moving average is $83.38. DocuSign, Inc.
has a 12-month low of $48.70 and a 12-month high of $107.86.
DocuSign (NASDAQ:DOCU – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.
84 by $0.02. DocuSign had a return on equity of 14.
90% and a net margin of 34.73%. The company had revenue of $776.
25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same period last year, the business posted $0.
76 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
On average, equities analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current year.
Insider Buying and Selling at DocuSignIn related news, CFO Blake Jeffrey Grayson sold 16,111 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total value of $1,340,435.
20. Following the completion of the sale, the chief financial officer now directly owns 93,960 shares of the company’s stock, valued at approximately $7,817,472. This represents a 14.
64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Chatwani sold 15,706 shares of the firm’s stock in a transaction on Wednesday, March 19th.
The shares were sold at an average price of $83.19, for a total value of $1,306,582.14.
Following the transaction, the insider now owns 76,842 shares in the company, valued at approximately $6,392,485.98. This trade represents a 16.
97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,851 shares of company stock valued at $4,607,439.
Corporate insiders own 1.66% of the company’s stock. Wall Street Analysts Forecast GrowthA number of brokerages recently issued reports on DOCU.
Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and set a $124.
00 price target on shares of DocuSign in a research note on Thursday. Jefferies Financial Group reduced their price objective on shares of DocuSign from $115.00 to $105.
00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Morgan Stanley lowered their target price on DocuSign from $97.00 to $92.
00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America decreased their price target on DocuSign from $112.00 to $98.
00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.
com, DocuSign presently has an average rating of “Hold” and an average price target of $93.08.Get Our Latest Report on DocuSignAbout DocuSign (Free Report)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.Read MoreFive stocks we like better than DocuSignGrowth Stocks: What They Are, What They Are NotWith a 60%+ Upside, There’s Plenty to Love About LovesacAirline Stocks – Top Airline Stocks to Buy NowJ.B.
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