UBS Oconnor LLC Decreases Stock Position in Docusign Inc (NASDAQ:DOCU)

Share on StockTwits

UBS Oconnor LLC cut its holdings in Docusign Inc (NASDAQ:DOCU) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 2,500 shares during the period. UBS Oconnor LLC’s holdings in Docusign were worth $994,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Docusign in the 2nd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Docusign by 261.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the company’s stock valued at $38,000 after purchasing an additional 556 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Docusign by 226.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock valued at $45,000 after purchasing an additional 606 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Docusign in the 2nd quarter valued at about $47,000. Finally, Regal Wealth Group Inc. purchased a new position in Docusign in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 68.79% of the company’s stock.

A number of research firms have issued reports on DOCU. FBN Securities set a $65.00 target price on shares of Docusign and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upped their target price on shares of Docusign from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Morgan Stanley upped their target price on shares of Docusign from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada began coverage on shares of Docusign in a report on Friday, September 6th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, Citigroup upped their target price on shares of Docusign from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Docusign currently has an average rating of “Buy” and an average price target of $65.07.

In other news, COO Scott V. Olrich sold 4,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $58.98, for a total transaction of $235,920.00. Also, COO Scott V. Olrich sold 2,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $59.50, for a total transaction of $119,000.00. Over the last quarter, insiders have sold 579,409 shares of company stock worth $29,991,184. Insiders own 13.60% of the company’s stock.

Shares of DOCU stock traded up $0.96 during trading hours on Friday, hitting $64.32. 1,430,652 shares of the company were exchanged, compared to its average volume of 4,336,398. The firm has a market cap of $11.15 billion, a PE ratio of -22.18 and a beta of 1.37. Docusign Inc has a 1 year low of $35.06 and a 1 year high of $64.18. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $49.70 and a 200 day moving average of $52.63.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.24. The business had revenue of $235.61 million for the quarter, compared to analyst estimates of $220.81 million. Docusign had a negative net margin of 28.20% and a negative return on equity of 26.70%. The company’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Analysts expect that Docusign Inc will post -1.04 earnings per share for the current year.

Docusign Company Profile

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.

Featured Story: Why do commodities matter?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.