Docusign Inc (NASDAQ:DOCU) Shares Acquired by Pendal Group Ltd

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Pendal Group Ltd boosted its position in shares of Docusign Inc (NASDAQ:DOCU) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,755 shares of the company’s stock after purchasing an additional 639 shares during the period. Pendal Group Ltd’s holdings in Docusign were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY grew its holdings in Docusign by 4.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,896 shares of the company’s stock valued at $305,000 after purchasing an additional 237 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Docusign by 6.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,258 shares of the company’s stock valued at $211,000 after purchasing an additional 260 shares in the last quarter. Piedmont Investment Advisors Inc. grew its holdings in Docusign by 5.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,624 shares of the company’s stock valued at $292,000 after purchasing an additional 282 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Docusign by 12.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,384 shares of the company’s stock valued at $227,000 after purchasing an additional 498 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Docusign by 0.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 58,517 shares of the company’s stock valued at $2,909,000 after purchasing an additional 533 shares in the last quarter. 62.36% of the stock is owned by institutional investors and hedge funds.

NASDAQ DOCU opened at $44.81 on Friday. Docusign Inc has a 12 month low of $35.06 and a 12 month high of $68.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of -15.45 and a beta of 1.31. The company’s fifty day moving average price is $50.46 and its two-hundred day moving average price is $52.88.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, June 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.30. Docusign had a negative net margin of 26.54% and a negative return on equity of 22.27%. The company had revenue of $213.96 million for the quarter, compared to the consensus estimate of $208.15 million. During the same period last year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. As a group, analysts anticipate that Docusign Inc will post -0.99 EPS for the current year.

In other news, COO Scott V. Olrich sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $53.48, for a total value of $534,800.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter Solvik sold 541,532 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $51.52, for a total transaction of $27,899,728.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 590,988 shares of company stock worth $30,533,281. Insiders own 13.60% of the company’s stock.

DOCU has been the topic of a number of research analyst reports. Danske initiated coverage on shares of Docusign in a research note on Friday. They set a “buy” rating and a $52.00 price objective on the stock. FBN Securities initiated coverage on shares of Docusign in a research note on Tuesday, July 9th. They set an “outperform” rating and a $60.00 price objective on the stock. Wedbush reiterated a “hold” rating and set a $48.00 price objective on shares of Docusign in a research note on Friday, June 7th. Zacks Investment Research downgraded shares of Docusign from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, ValuEngine upgraded shares of Docusign from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Docusign currently has a consensus rating of “Buy” and an average price target of $59.54.

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.

Further Reading: Green Investing

Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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