Docusign Inc (NASDAQ:DOCU) Shares Purchased by Teamwork Financial Advisors LLC

Share on StockTwits

Teamwork Financial Advisors LLC increased its position in shares of Docusign Inc (NASDAQ:DOCU) by 595.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,096 shares of the company’s stock after acquiring an additional 8,644 shares during the period. Docusign comprises 0.7% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Teamwork Financial Advisors LLC’s holdings in Docusign were worth $2,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovack Advisors Inc. acquired a new position in Docusign during the 2nd quarter worth about $1,190,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Docusign by 1.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,337 shares of the company’s stock valued at $164,519,000 after purchasing an additional 10,893 shares in the last quarter. Bank of Montreal Can raised its position in Docusign by 141.2% in the 2nd quarter. Bank of Montreal Can now owns 46,060 shares of the company’s stock valued at $9,783,000 after purchasing an additional 26,961 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Docusign in the 1st quarter valued at about $228,000. Finally, Veracity Capital LLC acquired a new stake in Docusign in the 2nd quarter valued at about $234,000. 76.87% of the stock is currently owned by hedge funds and other institutional investors.

In other Docusign news, COO Scott V. Olrich sold 5,800 shares of Docusign stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $224.41, for a total value of $1,301,578.00. Following the transaction, the chief operating officer now directly owns 266,054 shares in the company, valued at approximately $59,705,178.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Enrique T. Salem sold 15,000 shares of Docusign stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $214.35, for a total value of $3,215,250.00. Following the completion of the transaction, the director now owns 158,593 shares in the company, valued at $33,994,409.55. The disclosure for this sale can be found here. Insiders have sold a total of 111,698 shares of company stock worth $22,229,708 in the last 90 days. 5.06% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on DOCU shares. Evercore ISI increased their price target on Docusign from $210.00 to $250.00 in a research report on Friday, September 4th. William Blair reaffirmed a “buy” rating on shares of Docusign in a research report on Wednesday, July 8th. JMP Securities increased their price target on Docusign from $233.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. BidaskClub raised Docusign from a “sell” rating to a “hold” rating in a research report on Friday, September 25th. Finally, Wells Fargo & Company started coverage on Docusign in a research report on Tuesday, June 23rd. They set an “equal weight” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $226.65.

NASDAQ:DOCU traded down $5.85 during mid-day trading on Friday, reaching $234.60. 2,557,603 shares of the stock were exchanged, compared to its average volume of 4,427,345. The company has a 50 day simple moving average of $216.51 and a 200-day simple moving average of $169.83. The stock has a market capitalization of $43.44 billion, a P/E ratio of -207.61 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. Docusign Inc has a 1 year low of $61.68 and a 1 year high of $290.23.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.38. The firm had revenue of $342.21 million for the quarter, compared to the consensus estimate of $318.55 million. Docusign had a negative return on equity of 28.28% and a negative net margin of 17.74%. The firm’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. As a group, research analysts predict that Docusign Inc will post -0.9 EPS for the current year.

Docusign 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.

Featured Story: What is a management fee?

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).

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.