Pacer Advisors Inc. Buys New Shares in Docusign Inc (NASDAQ:DOCU)

Pacer Advisors Inc. bought a new stake in shares of Docusign Inc (NASDAQ:DOCU) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 14,415 shares of the company’s stock, valued at approximately $2,482,000.

Other large investors also recently added to or reduced their stakes in the company. V Wealth Advisors LLC increased its holdings in Docusign by 13.3% in the 2nd quarter. V Wealth Advisors LLC now owns 11,313 shares of the company’s stock valued at $1,948,000 after buying an additional 1,324 shares during the period. GWM Advisors LLC increased its holdings in Docusign by 72.3% in the 2nd quarter. GWM Advisors LLC now owns 9,131 shares of the company’s stock valued at $1,572,000 after buying an additional 3,832 shares during the period. Weatherly Asset Management L. P. increased its holdings in Docusign by 58.3% in the 2nd quarter. Weatherly Asset Management L. P. now owns 10,472 shares of the company’s stock valued at $1,803,000 after buying an additional 3,855 shares during the period. Cornerstone Advisors Inc. increased its holdings in Docusign by 5.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,303 shares of the company’s stock valued at $569,000 after buying an additional 164 shares during the period. Finally, WoodTrust Financial Corp bought a new stake in Docusign in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Several equities research analysts have issued reports on DOCU shares. Evercore ISI lowered shares of Docusign to an “outperform” rating in a report on Monday, April 20th. JMP Securities upped their target price on shares of Docusign from $150.00 to $233.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Goldman Sachs Group upped their target price on shares of Docusign from $100.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. They noted that the move was a valuation call. Morgan Stanley upped their target price on shares of Docusign from $133.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. Finally, Royal Bank of Canada upped their target price on shares of Docusign from $170.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $144.00.

Docusign stock opened at $216.83 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. Docusign Inc has a 1 year low of $43.13 and a 1 year high of $217.70. The company has a market cap of $39.79 billion, a PE ratio of -185.32 and a beta of 0.85. The company’s 50-day moving average is $184.37 and its two-hundred day moving average is $118.60.

Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Docusign had a negative net margin of 19.91% and a negative return on equity of 29.36%. The company had revenue of $297.02 million for the quarter, compared to the consensus estimate of $281.12 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 38.8% compared to the same quarter last year. Research analysts forecast that Docusign Inc will post -0.74 EPS for the current year.

In other Docusign news, Director Enrique T. Salem sold 64,245 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $189.87, for a total transaction of $12,198,198.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Scott V. Olrich sold 5,800 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $203.70, for a total transaction of $1,181,460.00. Following the transaction, the chief operating officer now owns 405,403 shares in the company, valued at $82,580,591.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 248,534 shares of company stock worth $40,460,572. Corporate insiders own 5.06% of the company’s stock.

About Docusign

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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