Advisors Asset Management Inc. Sells 1,673 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Advisors Asset Management Inc. trimmed its position in shares of DocuSign, Inc. (NASDAQ:DOCUGet Rating) by 39.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,565 shares of the company’s stock after selling 1,673 shares during the quarter. Advisors Asset Management Inc.’s holdings in DocuSign were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DOCU. Steward Partners Investment Advisory LLC increased its position in shares of DocuSign by 9.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 14,235 shares of the company’s stock worth $1,525,000 after acquiring an additional 1,192 shares in the last quarter. Atria Investments LLC acquired a new position in shares of DocuSign in the 1st quarter valued at approximately $1,674,000. State of New Jersey Common Pension Fund D grew its holdings in shares of DocuSign by 5.7% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 120,386 shares of the company’s stock valued at $12,896,000 after purchasing an additional 6,525 shares during the last quarter. International Assets Investment Management LLC grew its holdings in DocuSign by 34.3% during the 1st quarter. International Assets Investment Management LLC now owns 2,311 shares of the company’s stock worth $248,000 after acquiring an additional 590 shares during the last quarter. Finally, Edge Capital Group LLC bought a new stake in DocuSign during the 1st quarter worth approximately $294,000. 76.18% of the stock is owned by institutional investors.

DocuSign Stock Down 4.0 %

Shares of DocuSign stock opened at $44.18 on Tuesday. The stock’s 50-day moving average is $49.70 and its 200 day moving average is $61.49. DocuSign, Inc. has a one year low of $39.57 and a one year high of $262.36. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of -81.81 and a beta of 1.12.

DocuSign (NASDAQ:DOCUGet Rating) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). The company had revenue of $622.18 million during the quarter, compared to the consensus estimate of $602.25 million. DocuSign had a negative return on equity of 21.74% and a negative net margin of 4.65%. DocuSign’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. Equities research analysts anticipate that DocuSign, Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

DOCU has been the topic of a number of research reports. Wells Fargo & Company upped their price target on DocuSign from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, September 9th. Citigroup lowered their price target on DocuSign from $90.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, September 8th. Wolfe Research lifted their price objective on DocuSign from $50.00 to $53.00 and gave the stock an “underperform” rating in a report on Monday, September 12th. Royal Bank of Canada cut their target price on DocuSign from $65.00 to $55.00 in a research note on Thursday, September 29th. Finally, JMP Securities cut their price objective on DocuSign from $151.00 to $84.00 and set a “market outperform” rating on the stock in a research report on Friday, September 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, DocuSign currently has a consensus rating of “Hold” and an average price target of $62.38.

DocuSign Company Profile

(Get Rating)

DocuSign, Inc provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management.

Read More

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:DOCUGet Rating).

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.