Moody Aldrich Partners LLC lessened its position in shares of Docusign Inc (NASDAQ:DOCU) by 50.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,513 shares of the company’s stock after selling 1,547 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Docusign were worth $261,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Docusign in the 1st quarter valued at about $25,000. Toth Financial Advisory Corp raised its position in shares of Docusign by 222.2% during the 2nd quarter. Toth Financial Advisory Corp now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Altshuler Shaham Ltd raised its position in shares of Docusign by 3,033.3% during the 1st quarter. Altshuler Shaham Ltd now owns 282 shares of the company’s stock valued at $26,000 after acquiring an additional 273 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Docusign in the second quarter worth $26,000. Finally, Manchester Financial Inc. increased its position in Docusign by 500.0% in the first quarter. Manchester Financial Inc. now owns 300 shares of the company’s stock worth $28,000 after buying an additional 250 shares during the period. 78.89% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. William Blair reaffirmed a “buy” rating on shares of Docusign in a research report on Wednesday, July 8th. BidaskClub raised Docusign from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Piper Sandler increased their price target on Docusign from $90.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Zacks Investment Research raised Docusign from a “hold” rating to a “strong-buy” rating and set a $147.00 price target for the company in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on Docusign from $90.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $144.00.
Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Docusign had a negative return on equity of 29.36% and a negative net margin of 19.91%. The business had revenue of $297.02 million during the quarter, compared to the consensus estimate of $281.12 million. During the same period in the prior year, the business posted $0.07 earnings per share. Docusign’s revenue was up 38.8% compared to the same quarter last year. As a group, research analysts anticipate that Docusign Inc will post -0.74 EPS for the current year.
In related news, CRO Loren Alhadeff sold 41,514 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $121.85, for a total value of $5,058,480.90. Following the completion of the sale, the executive now directly owns 217,481 shares of the company’s stock, valued at approximately $26,500,059.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Scott V. Olrich sold 7,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $118.31, for a total value of $828,170.00. Following the completion of the sale, the chief operating officer now directly owns 459,670 shares of the company’s stock, valued at $54,383,557.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,534 shares of company stock valued at $40,460,572. 5.06% of the stock is currently owned by company insiders.
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.
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: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.