Benjamin F. Edwards & Company Inc. raised its position in shares of Docusign Inc (NASDAQ:DOCU) by 87.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,629 shares of the company’s stock after buying an additional 1,225 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Docusign were worth $105,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Hudock Capital Group LLC lifted its position in shares of Docusign by 26.2% during the fourth quarter. Hudock Capital Group LLC now owns 2,046 shares of the company’s stock valued at $82,000 after buying an additional 425 shares during the last quarter. Private Capital Group LLC lifted its position in shares of Docusign by 173.0% during the fourth quarter. Private Capital Group LLC now owns 819 shares of the company’s stock valued at $33,000 after buying an additional 519 shares during the last quarter. Cornerstone Advisors Inc. purchased a new stake in shares of Docusign during the fourth quarter valued at about $61,000. Utah Retirement Systems lifted its position in shares of Docusign by 34.8% during the third quarter. Utah Retirement Systems now owns 6,200 shares of the company’s stock valued at $326,000 after buying an additional 1,600 shares during the last quarter. Finally, Opera Trading Capital purchased a new stake in shares of Docusign during the third quarter valued at about $101,000. 37.31% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Docusign from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. Deutsche Bank decreased their price target on shares of Docusign to $50.00 and set a “hold” rating for the company in a research report on Friday, December 7th. Piper Jaffray Companies reissued an “overweight” rating and set a $50.00 price target on shares of Docusign in a research report on Friday, December 7th. Goldman Sachs Group began coverage on shares of Docusign in a research report on Thursday, December 13th. They set a “neutral” rating and a $45.00 price target for the company. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Docusign in a research report on Sunday, December 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Docusign currently has a consensus rating of “Buy” and a consensus price target of $58.42.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, December 6th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.07). The company had revenue of $178.39 million for the quarter, compared to analysts’ expectations of $173.55 million. The firm’s revenue for the quarter was up 36.6% compared to the same quarter last year. On average, research analysts anticipate that Docusign Inc will post -2.5 EPS for the current fiscal year.
In related news, insider William Neil Hudspith sold 37,500 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $40.75, for a total value of $1,528,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith J. Krach sold 34,340 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $42.25, for a total transaction of $1,450,865.00. The disclosure for this sale can be found here. Insiders sold a total of 1,037,161 shares of company stock valued at $48,420,464 over the last ninety days.
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.
Read More: Relative Strength Index
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.