Docusign (NASDAQ:DOCU) released its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.24, Briefing.com reports. Docusign had a negative net margin of 28.20% and a negative return on equity of 25.64%. The company had revenue of $235.61 million for the quarter, compared to analyst estimates of $220.81 million. During the same period last year, the firm earned $0.03 earnings per share. The firm’s revenue was up 41.0% on a year-over-year basis. Docusign updated its Q3 2020 guidance to EPS and its FY 2020 guidance to EPS.
Shares of DOCU stock opened at $56.27 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.00. Docusign has a 52 week low of $35.06 and a 52 week high of $59.67. The firm’s 50-day simple moving average is $47.86 and its two-hundred day simple moving average is $52.25.
In related news, Director Peter Solvik sold 541,532 shares of Docusign stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $51.52, for a total value of $27,899,728.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kirsten O. Wolberg sold 7,877 shares of Docusign stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $50.93, for a total transaction of $401,175.61. The disclosure for this sale can be found here. Insiders sold a total of 560,988 shares of company stock worth $28,915,981 in the last ninety days. 13.60% of the stock is currently owned by insiders.
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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