Landscape Capital Management L.L.C. grew its holdings in shares of Docusign Inc (NASDAQ:DOCU) by 928.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 54,265 shares of the company’s stock after buying an additional 48,991 shares during the period. Landscape Capital Management L.L.C.’s holdings in Docusign were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DOCU. Metropolitan Life Insurance Co NY grew its holdings in shares of Docusign by 4.2% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,896 shares of the company’s stock worth $305,000 after acquiring an additional 237 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Docusign by 6.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,258 shares of the company’s stock worth $211,000 after acquiring an additional 260 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in shares of Docusign by 5.3% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,624 shares of the company’s stock worth $292,000 after acquiring an additional 282 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Docusign by 12.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,384 shares of the company’s stock worth $227,000 after acquiring an additional 498 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Docusign by 0.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 58,517 shares of the company’s stock worth $2,909,000 after acquiring an additional 533 shares during the period. Institutional investors own 62.36% of the company’s stock.
In related news, insider Kirsten O. Wolberg sold 7,877 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $50.93, for a total value of $401,175.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Solvik sold 541,532 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $51.52, for a total value of $27,899,728.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 590,988 shares of company stock worth $30,533,281. 13.60% of the stock is owned by corporate insiders.
DOCU stock traded up $0.80 on Friday, reaching $44.93. The company had a trading volume of 42,824 shares, compared to its average volume of 2,066,077. Docusign Inc has a 1 year low of $35.06 and a 1 year high of $68.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.76 and a current ratio of 1.76. The company’s fifty day moving average is $50.58 and its 200 day moving average is $52.92. The company has a market cap of $7.67 billion, a P/E ratio of -15.48 and a beta of 1.31.
Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.30. Docusign had a negative return on equity of 22.27% and a negative net margin of 26.54%. The firm had revenue of $213.96 million for the quarter, compared to analyst estimates of $208.15 million. During the same quarter in the prior year, the company earned $0.01 EPS. Docusign’s revenue was up 37.3% on a year-over-year basis. On average, sell-side analysts predict that Docusign Inc will post -0.99 earnings per share for the current year.
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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