CWM Advisors LLC Acquires 1,692 Shares of DocuSign, Inc. (NASDAQ:DOCU)

CWM Advisors LLC lifted its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 64.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,332 shares of the company’s stock after purchasing an additional 1,692 shares during the period. CWM Advisors LLC’s holdings in DocuSign were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Red Door Wealth Management LLC bought a new position in DocuSign during the 2nd quarter worth $26,000. Institutional & Family Asset Management LLC bought a new position in DocuSign during the 1st quarter worth $27,000. Bartlett & Co. LLC bought a new position in DocuSign during the 2nd quarter worth $28,000. Burleson & Company LLC bought a new position in DocuSign during the 1st quarter worth $31,000. Finally, BerganKDV Wealth Management LLC increased its stake in DocuSign by 555.6% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 118 shares of the company’s stock worth $33,000 after acquiring an additional 100 shares during the period. Institutional investors own 75.67% of the company’s stock.

In other news, COO Scott V. Olrich sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $306.55, for a total value of $3,831,875.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Enrique T. Salem sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The stock was sold at an average price of $277.40, for a total value of $2,774,000.00. The disclosure for this sale can be found here. Insiders sold a total of 86,544 shares of company stock valued at $25,959,804 over the last ninety days. 3.87% of the stock is currently owned by corporate insiders.

DOCU has been the topic of a number of research analyst reports. William Blair reaffirmed a “buy” rating on shares of DocuSign in a report on Friday, September 3rd. Piper Sandler raised their target price on DocuSign from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, July 9th. Needham & Company LLC raised their target price on DocuSign from $275.00 to $340.00 and gave the company a “buy” rating in a report on Friday, September 3rd. Wolfe Research reaffirmed a “buy” rating and issued a $340.00 target price on shares of DocuSign in a report on Friday, September 3rd. Finally, UBS Group raised their price objective on DocuSign from $340.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 3rd. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $309.20.

DocuSign stock traded up $0.39 during midday trading on Friday, reaching $277.49. The stock had a trading volume of 8,873 shares, compared to its average volume of 2,863,999. DocuSign, Inc. has a 12 month low of $179.49 and a 12 month high of $314.76. The company has a market capitalization of $54.59 billion, a P/E ratio of -322.21 and a beta of 0.84. The company has a fifty day moving average price of $292.99 and a two-hundred day moving average price of $247.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.45.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Wednesday, September 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. DocuSign had a negative return on equity of 23.08% and a negative net margin of 9.18%. The business had revenue of $511.84 million during the quarter, compared to analyst estimates of $487.99 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue was up 49.6% compared to the same quarter last year. On average, equities research analysts predict that DocuSign, Inc. will post -0.01 earnings per share for the current fiscal year.

DocuSign Profile

DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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