JPMorgan Chase & Co. increased its position in shares of Docusign Inc (NASDAQ:DOCU) by 24.7% during the 1st quarter, Holdings Channel reports. The firm owned 4,369,543 shares of the company’s stock after purchasing an additional 865,651 shares during the quarter. JPMorgan Chase & Co.’s holdings in Docusign were worth $226,517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its holdings in Docusign by 11.3% during the first quarter. Valeo Financial Advisors LLC now owns 3,300 shares of the company’s stock worth $171,000 after purchasing an additional 335 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in Docusign by 26.2% during the fourth quarter. Hudock Capital Group LLC now owns 2,046 shares of the company’s stock worth $82,000 after purchasing an additional 425 shares during the last quarter. Caz Investments LP boosted its holdings in Docusign by 86.6% during the fourth quarter. Caz Investments LP now owns 933 shares of the company’s stock worth $37,000 after purchasing an additional 433 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Docusign by 12.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,384 shares of the company’s stock worth $227,000 after purchasing an additional 498 shares during the last quarter. Finally, Private Capital Group LLC boosted its holdings in Docusign by 173.0% during the fourth quarter. Private Capital Group LLC now owns 819 shares of the company’s stock worth $33,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 53.08% of the company’s stock.

Shares of DOCU stock opened at $54.76 on Wednesday. The company has a market cap of $9.40 billion and a P/E ratio of -18.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.91 and a current ratio of 1.91. Docusign Inc has a 12 month low of $35.06 and a 12 month high of $68.35.

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

A number of research firms have weighed in on DOCU. Wedbush boosted their target price on shares of Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. Piper Jaffray Companies boosted their target price on shares of Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, March 11th. Finally, KeyCorp began coverage on shares of Docusign in a research note on Monday, January 28th. They issued an “overweight” rating and a $59.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $61.75.

In related news, COO Scott V. Olrich sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $53.39, for a total transaction of $533,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kirsten O. Wolberg sold 10,166 shares of the company’s stock in a transaction that occurred 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. Insiders have sold a total of 40,883 shares of company stock worth $2,212,890 over the last 90 days. 13.60% of the stock is currently owned by corporate insiders.

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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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