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DocuSign, Inc. is acquired by the State of New Jersey Common Pension Fund D for a total of 3,010 shares (NASDAQ:DOCU)

DocuSign, Inc. is acquired by the State of New Jersey Common Pension Fund D for a total of 3,010 shares (NASDAQ:DOCU)

The most recent statement that the State of New Jersey Common Pension Fund D filed with the Securities and Exchange Commission revealed that during the third quarter of 2018, it increased its holdings in DocuSign, Inc. (NASDAQ: DOCU) by 2.5%. (SEC). The corporation has a total of 123,396 shares of ownership in the company after purchasing an additional 3,010 shares during the quarter. This brings the total number of shares to 123,396. According to the most recent report submitted to the SEC, the State of New Jersey Common Pension Fund D owned approximately 0.06% of DocuSign at a value of $6,598,000. This information was obtained from the fund’s holdings in the company.

The amount of stock that institutional investors and other hedge funds own in the company has been adjusted due to these changes. During the second quarter, CoreCap Advisors LLC spent approximately $93,000 on additional DocuSign shares to increase its stake in the company by increasing the number of shares it owned. During the second quarter, NewEdge Wealth LLC increased its stock holdings in DocuSign by a quantity equal to 51.3% of the total. The most recent fiscal quarter saw NewEdge Wealth LLC acquire an additional 4,107 shares of the company’s stock. As a result of this acquisition, the company now owns 12,111 shares of the company’s stock, which have a value of $695,000. In addition, Vestmark Advisory Solutions Inc. purchased a further 31.9% ownership stake in DocuSign during the company’s second fiscal quarter. The most recent purchase of 6,743 additional shares brought the total number of Vestmark Advisory Solutions Inc.’s shares in the company up to 27,861, bringing it to its current level of ownership. These shares are currently worth a total of $1,599,000 as of right now. During the second quarter of this year, Tokio Marine Asset Management Co. Ltd. increased the total amount of DocuSign stock held by 34.5 percent. As a result of the acquisition of 954 additional shares during the most recent fiscal quarter, Tokio Marine Asset Management Co. Ltd. now holds a total of 3,720 shares of the company’s stock, which have a value of $213,000. This brings the total number of shares owned by the company to 3,720. DocuSign received a final investment of 321,000 dollars from the Caisse de Dépôt et Placement du Québec during the second quarter of 2018. As a result, 76.18% of the company’s shares institutions own.

When trading started on Friday, the price of a share of DocuSign stock was $58.70. Each current ratio, the quick ratio, and the overall debt-to-equity ratio come in at 1.02, while the overall debt-to-equity ratio comes in at 1.46. Over the last year and a half, the price of a share of DocuSign, Inc. has ranged from $39.57 to $139.47, with an average price of $139.47. The company’s market capitalization is currently valued at $11.80 billion, its price-to-earnings ratio stands at -88.94, and its beta value sits at 1.00. The moving average for the past 200 days of the company’s stock price is $55.91, while the moving average for the past 50 days is $50.53.

On December 8th, the results of DocuSign’s most recent quarterly financial report were announced on the NASDAQ under the DOCU ticker. The company reported earnings per share of $0.05 for the prior quarter, which was $0.13 higher than the consensus earnings per share prediction by industry analysts, which was $0.08. These predictions were $0.08 each. DocuSign had a negative return on equity and a negative net margin for the company. The return on equity was -18.86%, and the net margin was -5.45%. According to the analysts’ estimates, the sales anticipated for the company during the quarter could fall anywhere between $626.07 million and $645.46 million. According to projections made by market research analysts, DocuSign, Inc. will finish the year with a revenue loss of $0.01 per share.

Several different brokerages have provided their feedback to DOCU at this point. The previous rating of “c-” that TheStreet had assigned to DocuSign shares was changed to a “d+” rating in a research study published on November 9th. The UBS Group lowered their target price for DocuSign shares from $65.00 to $52.00 and assigned them a “neutral” rating in a research report made public on Monday, December 5th. The report was made available to the general public. Wedbush reassessed the “underperform” rating it had previously assigned to DocuSign shares and gave them a “neutral” rating in a research report released on October 12th. In addition, they decided that the business should aim to sell its products for $55.00. Robert W. Baird lowered their target price on DocuSign shares from $70.00 to $50.00 and gave the stock a “neutral” rating in a research note published on Monday, December 5th. The research note was about the company’s DocuSign stock. Finally, DocuSign’s stock was given an “equal weight” rating by Wells Fargo & Company in a study that was made public on Friday, January 6th.

Additionally, the company raised its price objective for DocuSign shares from $48.00 to $55.00, reflecting its belief that the stock is currently undervalued. The report contains this information as part of its entirety. Two analysts have suggested that investors consider selling their shares; eleven analysts have suggested that investors maintain their current position; and three analysts have suggested that investors consider purchasing shares. DocuSign currently has a consensus rating of “Hold,” with an average target price of $59.71, as reported by statistics from Bloomberg.com.

DocuSign, Inc. sells software for creating electronic signatures in the United States and other countries worldwide. The company offers a technology known as electronic signatures, which allows businesses to generate, sign, manage, and take action on contracts online. In addition to this, it provides CLM, which helps to simplify the procedures that are involved in the agreement process. Insights from artificial intelligence (AI) systems that look up and evaluate contracts using legal terms and clauses. Before signing, the analyzer assists customers in understanding what they are signing. For example, Salesforce Gen helps sales representatives generate agreements automatically with just a few clicks from within the platform. In addition, the analyzer helps customers understand what they’re signing before they sign. Approvals, document comparisons, and version control are some features supported by Negotiate for Salesforce, and CLM+ provides AI-driven contract lifecycle management.

Are you curious about the identities of the other hedge funds that possess DOCU? You can check the most recent 13F filings and insider transactions for DocuSign, Inc. by going to the website HoldingsChannel.com (NASDAQ: DOCU).

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