O Shares Investment Advisers LLC Has $482,000 Stock Holdings in Docusign Inc (NASDAQ:DOCU)
O Shares Investment Advisers LLC increased its holdings in shares of Docusign Inc (NASDAQ:DOCU) by 11.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,691 shares of the company’s stock after purchasing an additional 975 shares during the period. O Shares Investment Advisers LLC’s holdings in Docusign were worth $482,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Docusign during the 2nd quarter worth about $19,663,000. GAM Holding AG lifted its position in shares of Docusign by 63.3% during the 2nd quarter. GAM Holding AG now owns 106,187 shares of the company’s stock worth $5,279,000 after purchasing an additional 41,166 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Docusign during the 2nd quarter worth about $3,503,000. Clearbridge Investments LLC lifted its position in shares of Docusign by 8.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,677,883 shares of the company’s stock worth $86,981,000 after purchasing an additional 134,932 shares during the last quarter. Finally, AGF Investments Inc. lifted its position in shares of Docusign by 8.3% during the 2nd quarter. AGF Investments Inc. now owns 130,000 shares of the company’s stock worth $6,462,000 after purchasing an additional 10,000 shares during the last quarter. 68.79% of the stock is owned by institutional investors and hedge funds.
In other news, COO Scott V. Olrich sold 4,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $58.98, for a total value of $235,920.00. Also, insider Kirsten O. Wolberg sold 7,877 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $50.93, for a total value of $401,175.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 590,988 shares of company stock valued at $30,606,261. 13.60% of the stock is currently owned by insiders.
Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.24. Docusign had a negative return on equity of 26.70% and a negative net margin of 28.20%. The business had revenue of $235.61 million during the quarter, compared to analysts’ expectations of $220.81 million. During the same period in the prior year, the firm posted $0.03 EPS. Docusign’s quarterly revenue was up 41.0% compared to the same quarter last year. As a group, analysts forecast that Docusign Inc will post -1.04 EPS for the current fiscal year.
DOCU has been the subject of several research analyst reports. ValuEngine raised Docusign from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. William Blair reaffirmed an “outperform” rating on shares of Docusign in a report on Friday, June 7th. KeyCorp set a $65.00 price target on Docusign and gave the company a “buy” rating in a report on Friday, September 6th. Bank of America upped their price target on Docusign from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Morgan Stanley upped their price target on Docusign from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Docusign presently has a consensus rating of “Buy” and a consensus price target of $65.07.
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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