BBR Partners LLC bought a new stake in Docusign Inc (NASDAQ:DOCU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,082 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC raised 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 during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Docusign by 60.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,087,761 shares of the company’s stock valued at $203,917,000 after purchasing an additional 1,909,833 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Docusign by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 4,369,543 shares of the company’s stock worth $226,517,000 after acquiring an additional 865,651 shares in the last quarter. BlackRock Inc. grew its stake in shares of Docusign by 4.0% in the first quarter. BlackRock Inc. now owns 2,584,997 shares of the company’s stock worth $134,005,000 after acquiring an additional 99,955 shares in the last quarter. Finally, Accel London III Associates L.P. acquired a new position in shares of Docusign in the fourth quarter worth $98,230,000. 61.56% of the stock is currently owned by institutional investors.

NASDAQ:DOCU opened at $50.57 on Tuesday. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of -17.44 and a beta of 1.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.91. Docusign Inc has a 52 week low of $35.06 and a 52 week high of $68.35.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). The business had revenue of $199.73 million during 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 for the quarter was up 34.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Docusign Inc will post -1 earnings per share for the current fiscal year.

Several equities analysts have commented on DOCU shares. Deutsche Bank upgraded shares of Docusign from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $65.00 in a research note on Tuesday, February 12th. ValuEngine downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. Wedbush boosted their price target on shares of Docusign from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Finally, Piper Jaffray Companies boosted their price target 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Docusign currently has an average rating of “Buy” and an average price target of $63.27.

In related news, COO Scott V. Olrich sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.48, for a total transaction of $534,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Loren Alhadeff sold 8,717 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $56.04, for a total transaction of $488,500.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,883 shares of company stock valued at $2,643,990. Insiders own 13.60% of the company’s stock.

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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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