Filament LLC Raises Stake in Docusign Inc (DOCU)

Filament LLC boosted its holdings in Docusign Inc (NASDAQ:DOCU) by 69.7% in the first quarter, HoldingsChannel reports. The firm owned 88,901 shares of the company’s stock after purchasing an additional 36,503 shares during the quarter. Docusign comprises about 1.5% of Filament LLC’s holdings, making the stock its 12th biggest position. Filament LLC’s holdings in Docusign were worth $4,608,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in Docusign by 40.6% in the fourth quarter. FMR LLC now owns 5,343,427 shares of the company’s stock valued at $214,165,000 after purchasing an additional 1,544,047 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position 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 valued at $203,917,000 after acquiring an additional 1,909,833 shares during the period. BlackRock Inc. grew its position in shares of Docusign by 17.9% in the 4th quarter. BlackRock Inc. now owns 2,485,042 shares of the company’s stock valued at $99,601,000 after acquiring an additional 376,642 shares during the period. Accel London III Associates L.P. bought a new position in shares of Docusign in the 4th quarter valued at about $98,230,000. Finally, Vanguard Group Inc. grew its position in shares of Docusign by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,922,947 shares of the company’s stock valued at $101,089,000 after acquiring an additional 69,428 shares during the period. 52.71% of the stock is owned by institutional investors and hedge funds.

Shares of DOCU opened at $53.05 on Monday. Docusign Inc has a one year low of $35.06 and a one year high of $68.35. The stock has a market capitalization of $9.27 billion and a PE ratio of -18.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.71.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The company had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. Docusign had a negative return on equity of 86.06% and a negative net margin of 60.84%. The business’s revenue was up 34.2% on a year-over-year basis. On average, research analysts forecast that Docusign Inc will post -1 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. Wedbush lifted their price objective on shares of Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Piper Jaffray Companies lifted their price objective on shares of Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Deutsche Bank raised shares of Docusign from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $65.00 in a research report on Tuesday, February 12th. Morgan Stanley raised shares of Docusign from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $53.00 in a research report on Tuesday, January 15th. Finally, Zacks Investment Research raised shares of Docusign from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.75.

In other news, CRO Loren Alhadeff sold 8,717 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $56.04, for a total transaction of $488,500.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Scott V. Olrich sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $53.39, for a total transaction of $533,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,883 shares of company stock valued at $2,212,890.

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Docusign 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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