Hershey Trust Co. Has $5.28 Million Holdings in Docusign Inc (DOCU)

Hershey Trust Co. raised its position in Docusign Inc (NASDAQ:DOCU) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,901 shares of the company’s stock after purchasing an additional 2,802 shares during the quarter. Docusign comprises 0.1% of Hershey Trust Co.’s investment portfolio, making the stock its 3rd biggest position. Hershey Trust Co.’s holdings in Docusign were worth $5,283,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DOCU. Accel London III Associates L.P. acquired a new position in shares of Docusign in the 4th quarter worth approximately $98,230,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Docusign by 60.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,087,761 shares of the company’s stock worth $203,917,000 after acquiring an additional 1,909,833 shares during the last quarter. FMR LLC lifted its holdings in shares of Docusign by 40.6% in the 4th quarter. FMR LLC now owns 5,343,427 shares of the company’s stock worth $214,165,000 after acquiring an additional 1,544,047 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Docusign in the 4th quarter worth approximately $56,620,000. Finally, Morgan Stanley lifted its holdings in shares of Docusign by 539.1% in the 3rd quarter. Morgan Stanley now owns 1,148,284 shares of the company’s stock worth $60,366,000 after acquiring an additional 968,599 shares during the last quarter. Institutional investors own 53.26% of the company’s stock.

Shares of NASDAQ:DOCU traded up $1.42 during trading hours on Monday, reaching $54.21. The stock had a trading volume of 18,235 shares, compared to its average volume of 1,897,802. Docusign Inc has a 1 year low of $35.06 and a 1 year high of $68.35. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.71. The company has a market cap of $9.09 billion and a PE ratio of -18.65.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The firm had revenue of $199.73 million during the quarter, compared to analysts’ expectations of $193.63 million. Docusign’s revenue was up 34.2% on a year-over-year basis. As a group, equities research analysts expect that Docusign Inc will post -1 EPS for the current year.

DOCU has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Docusign from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Morgan Stanley raised shares of Docusign from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $53.00 in a research note on Tuesday, January 15th. KeyCorp initiated coverage on shares of Docusign in a research note on Monday, January 28th. They set an “overweight” rating and a $59.00 target price on the stock. Deutsche Bank raised shares of Docusign from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $65.00 in a research note on Tuesday, February 12th. Finally, Piper Jaffray Companies upped their target price on shares of Docusign from $50.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, March 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Docusign presently has a consensus rating of “Buy” and an average price target of $61.75.

In related news, CRO Loren Alhadeff sold 8,717 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $56.04, for a total value of $488,500.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kirsten O. Wolberg sold 10,166 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $52.95, for a total transaction of $538,289.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 602,905 shares of company stock worth $30,201,780.

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Docusign Profile

DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.

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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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