Docusign Inc (NASDAQ:DOCU) Shares Sold by Moody Aldrich Partners LLC

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.

Shares of NASDAQ DOCU traded up $2.89 during mid-day trading on Friday, hitting $216.83. 3,083,330 shares of the company traded hands, compared to its average volume of 4,772,929. Docusign Inc has a 1 year low of $43.13 and a 1 year high of $217.70. The stock has a market capitalization of $39.79 billion, a price-to-earnings ratio of -185.32 and a beta of 0.85. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $184.37 and a two-hundred day moving average of $118.60.

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 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.

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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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