CSat Investment Advisory L.P. lowered its holdings in Docusign Inc (NASDAQ:DOCU) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,451 shares of the company’s stock after selling 3,275 shares during the period. CSat Investment Advisory L.P.’s holdings in Docusign were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DOCU. State Board of Administration of Florida Retirement System grew its holdings in shares of Docusign by 46.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 7,894 shares of the company’s stock valued at $415,000 after purchasing an additional 2,494 shares in the last quarter. US Bancorp DE grew its holdings in shares of Docusign by 24.5% in the third quarter. US Bancorp DE now owns 23,425 shares of the company’s stock valued at $1,231,000 after purchasing an additional 4,609 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Docusign by 22.2% in the third quarter. Janney Montgomery Scott LLC now owns 19,245 shares of the company’s stock valued at $1,012,000 after purchasing an additional 3,500 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Docusign by 147.9% in the third quarter. Commonwealth Equity Services LLC now owns 21,437 shares of the company’s stock valued at $1,126,000 after purchasing an additional 12,789 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Docusign in the third quarter valued at approximately $296,000. Hedge funds and other institutional investors own 53.87% of the company’s stock.

NASDAQ DOCU opened at $55.38 on Thursday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.53. Docusign Inc has a 52 week low of $35.06 and a 52 week high of $68.35. The company has a market cap of $9.36 billion and a price-to-earnings ratio of -19.10.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Docusign had a negative return on equity of 97.06% and a negative net margin of 60.84%. The firm had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. The company’s revenue was up 34.2% on a year-over-year basis. As a group, research analysts expect that Docusign Inc will post -1 EPS for the current fiscal year.

In other Docusign news, CRO Loren Alhadeff sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $54.35, for a total transaction of $652,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith J. Krach sold 51,982 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $40.34, for a total transaction of $2,096,953.88. The disclosure for this sale can be found here. Insiders have sold a total of 779,977 shares of company stock valued at $37,700,047 in the last quarter.

DOCU has been the subject of a number of research reports. Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 price objective on shares of Docusign in a report on Friday, December 7th. Deutsche Bank dropped their price objective on shares of Docusign to $50.00 and set a “hold” rating for the company in a report on Friday, December 7th. Morgan Stanley lifted their price objective on shares of Docusign from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Friday, December 7th. Zacks Investment Research cut shares of Docusign from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Finally, Goldman Sachs Group initiated coverage on shares of Docusign in a report on Thursday, December 13th. They issued a “neutral” rating and a $45.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $61.75.

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Docusign Profile

DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.

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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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