Traders Purchase Large Volume of Call Options on Docusign (DOCU)
Docusign Inc (NASDAQ:DOCU) saw some unusual options trading on Thursday. Traders purchased 15,428 call options on the company. This represents an increase of 856% compared to the average volume of 1,613 call options.
In other news, CRO Loren Alhadeff sold 12,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $54.35, for a total transaction of $652,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Reginald D. Davis sold 235,655 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $50.13, for a total value of $11,813,385.15. The disclosure for this sale can be found here. Insiders sold 814,317 shares of company stock worth $39,150,912 over the last quarter.
Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of Docusign in the second quarter worth $836,000. California Public Employees Retirement System acquired a new stake in shares of Docusign in the second quarter worth $263,000. Northern Trust Corp acquired a new stake in shares of Docusign in the second quarter worth $8,231,000. Bank of Montreal Can increased its stake in shares of Docusign by 410.0% in the third quarter. Bank of Montreal Can now owns 13,969 shares of the company’s stock worth $735,000 after acquiring an additional 11,230 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Docusign by 46.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 7,894 shares of the company’s stock worth $415,000 after acquiring an additional 2,494 shares during the period. 54.41% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:DOCU opened at $58.85 on Friday. Docusign has a 52-week low of $35.06 and a 52-week high of $68.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.91 and a quick ratio of 2.91.
Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, March 14th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.29. The firm had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. On average, research analysts expect that Docusign will post -2.5 earnings per share for the current fiscal year.
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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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