J.W. Cole Advisors Inc. Sells 2,069 Shares of DocuSign, Inc. (NASDAQ:DOCU)

J.W. Cole Advisors Inc. decreased its holdings in DocuSign, Inc. (NASDAQ:DOCUGet Rating) by 41.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,893 shares of the company’s stock after selling 2,069 shares during the period. J.W. Cole Advisors Inc.’s holdings in DocuSign were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in DocuSign by 20.3% during the 1st quarter. Vanguard Group Inc. now owns 17,308,877 shares of the company’s stock worth $1,854,127,000 after acquiring an additional 2,917,683 shares during the last quarter. BlackRock Inc. grew its position in DocuSign by 2.8% during the 4th quarter. BlackRock Inc. now owns 11,588,144 shares of the company’s stock worth $1,764,991,000 after acquiring an additional 313,959 shares during the last quarter. Capital World Investors grew its position in DocuSign by 128.3% during the 1st quarter. Capital World Investors now owns 5,683,838 shares of the company’s stock worth $608,853,000 after acquiring an additional 3,193,727 shares during the last quarter. Polen Capital Management LLC grew its position in DocuSign by 48.5% during the 1st quarter. Polen Capital Management LLC now owns 5,551,792 shares of the company’s stock worth $594,708,000 after acquiring an additional 1,813,284 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in DocuSign by 51.9% during the 1st quarter. Fisher Asset Management LLC now owns 4,637,015 shares of the company’s stock worth $496,717,000 after acquiring an additional 1,584,989 shares during the last quarter. Institutional investors own 76.18% of the company’s stock.

DocuSign Stock Down 1.7 %

Shares of NASDAQ:DOCU opened at $55.54 on Wednesday. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of -102.85 and a beta of 1.23. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $63.89 and its 200-day moving average is $76.10. DocuSign, Inc. has a 1 year low of $53.25 and a 1 year high of $288.50.

DocuSign (NASDAQ:DOCUGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $622.18 million for the quarter, compared to the consensus estimate of $602.25 million. DocuSign had a negative return on equity of 21.74% and a negative net margin of 4.65%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. Equities research analysts predict that DocuSign, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DOCU shares. Citigroup reduced their price objective on DocuSign from $90.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, September 8th. Piper Sandler downgraded DocuSign from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $65.00 to $54.00 in a report on Wednesday, July 20th. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and set a $65.00 target price on the stock in a report on Friday, September 9th. Royal Bank of Canada downgraded DocuSign from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $80.00 to $65.00 in a report on Monday, August 22nd. Finally, Morgan Stanley cut their target price on DocuSign from $80.00 to $73.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.75.

DocuSign Profile

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DocuSign, Inc provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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