Dubuque Bank & Trust Co. Invests $373,000 in Docusign Inc (NASDAQ:DOCU)

Dubuque Bank & Trust Co. purchased a new stake in Docusign Inc (NASDAQ:DOCU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,030 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOCU. North Star Investment Management Corp. purchased a new stake in Docusign during the 3rd quarter worth about $25,000. Hartford Financial Management Inc. bought a new position in shares of Docusign in the third quarter worth $31,000. Winslow Evans & Crocker Inc. purchased a new stake in shares of Docusign in the fourth quarter worth $32,000. Whittier Trust Co. boosted its stake in Docusign by 229.4% during the third quarter. Whittier Trust Co. now owns 560 shares of the company’s stock valued at $35,000 after buying an additional 390 shares during the period. Finally, Squar Milner Financial Services LLC boosted its stake in Docusign by 719.1% during the third quarter. Squar Milner Financial Services LLC now owns 770 shares of the company’s stock valued at $47,000 after buying an additional 676 shares during the period. 80.09% of the stock is owned by institutional investors.

NASDAQ:DOCU opened at $72.80 on Wednesday. The firm has a market cap of $13.31 billion, a PE ratio of -25.10 and a beta of 1.44. Docusign Inc has a fifty-two week low of $42.22 and a fifty-two week high of $77.01. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.48. The business has a 50 day moving average price of $73.67 and a 200-day moving average price of $61.43.

Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. Docusign had a negative net margin of 25.28% and a negative return on equity of 26.77%. The firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $240.40 million. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. Research analysts predict that Docusign Inc will post -0.9 EPS for the current year.

A number of brokerages have weighed in on DOCU. Royal Bank of Canada upped their target price on Docusign from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Bank of America lifted their price target on shares of Docusign from $62.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Piper Jaffray Companies assumed coverage on shares of Docusign in a report on Friday, November 8th. They issued a “neutral” rating and a $75.00 price objective for the company. Deutsche Bank lifted their target price on shares of Docusign from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $77.33.

In other Docusign news, Director Enrique T. Salem sold 722,647 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $75.50, for a total value of $54,559,848.50. Following the transaction, the director now owns 65,494 shares in the company, valued at $4,944,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott V. Olrich sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $66.69, for a total transaction of $133,380.00. Following the completion of the transaction, the chief operating officer now owns 497,770 shares in the company, valued at approximately $33,196,281.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,585,805 shares of company stock valued at $119,025,392 over the last quarter. 13.60% of the stock is currently owned by company insiders.

Docusign Company Profile

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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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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