Docusign Inc (DOCU) Shares Sold by Voit & Company LLC

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Voit & Company LLC decreased its holdings in Docusign Inc (NASDAQ:DOCU) by 54.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,745 shares of the company’s stock after selling 5,600 shares during the period. Voit & Company LLC’s holdings in Docusign were worth $246,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sonora Investment Management LLC bought a new stake in Docusign in the first quarter valued at approximately $31,000. Clean Yield Group bought a new position in shares of Docusign during the first quarter worth approximately $31,000. Private Capital Group LLC increased its stake in shares of Docusign by 173.0% during the fourth quarter. Private Capital Group LLC now owns 819 shares of the company’s stock worth $33,000 after purchasing an additional 519 shares during the period. Parallel Advisors LLC increased its stake in shares of Docusign by 244.1% during the fourth quarter. Parallel Advisors LLC now owns 905 shares of the company’s stock worth $36,000 after purchasing an additional 642 shares during the period. Finally, Caz Investments LP increased its stake in shares of Docusign by 86.6% during the fourth quarter. Caz Investments LP now owns 933 shares of the company’s stock worth $37,000 after purchasing an additional 433 shares during the period. Hedge funds and other institutional investors own 52.71% of the company’s stock.

Shares of DOCU stock traded down $0.45 during trading hours on Friday, reaching $53.05. The company’s stock had a trading volume of 1,270,035 shares, compared to its average volume of 1,587,127. The company has a market cap of $9.27 billion and a PE ratio of -18.29. Docusign Inc has a fifty-two week low of $35.06 and a fifty-two week high of $68.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.91 and a current ratio of 1.91.

Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). The business had revenue of $199.73 million during the quarter, compared to analyst estimates of $193.63 million. Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The firm’s revenue was up 34.2% on a year-over-year basis. On average, equities analysts predict that Docusign Inc will post -1 EPS for the current fiscal year.

In related news, insider Kirsten O. Wolberg sold 10,166 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $52.95, for a total transaction of $538,289.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Loren Alhadeff sold 12,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $54.35, for a total value of $652,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,883 shares of company stock worth $2,212,890.

A number of brokerages have recently weighed in on DOCU. Wedbush increased their target price on Docusign from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Piper Jaffray Companies increased their target price on Docusign from $50.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, March 11th. ValuEngine lowered Docusign from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank upgraded Docusign from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $65.00 in a research note on Tuesday, February 12th. Finally, Zacks Investment Research upgraded Docusign from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $61.75.

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Docusign Company 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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