Docusign Inc (DOCU) COO Sells $548,500.00 in Stock
Docusign Inc (NASDAQ:DOCU) COO Scott V. Olrich sold 10,000 shares of Docusign stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $54.85, for a total transaction of $548,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of DOCU stock traded up $0.89 during mid-day trading on Friday, reaching $54.10. The stock had a trading volume of 988,074 shares, compared to its average volume of 2,100,994. Docusign Inc has a 52-week low of $35.06 and a 52-week high of $68.35. The stock has a market capitalization of $9.38 billion and a price-to-earnings ratio of -18.66. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.71.
Docusign (NASDAQ:DOCU) last released its quarterly earnings data 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). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The firm had revenue of $199.73 million during the quarter, compared to analysts’ expectations of $193.63 million. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities analysts predict that Docusign Inc will post -1 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Docusign by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,922,947 shares of the company’s stock valued at $101,089,000 after purchasing an additional 69,428 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Docusign by 34.5% during the 3rd quarter. Federated Investors Inc. PA now owns 111,480 shares of the company’s stock valued at $5,861,000 after purchasing an additional 28,580 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Docusign by 123.6% during the 4th quarter. State of Alaska Department of Revenue now owns 9,073 shares of the company’s stock valued at $363,000 after purchasing an additional 5,016 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Docusign by 130.1% during the 4th quarter. Bank of Montreal Can now owns 32,147 shares of the company’s stock valued at $1,288,000 after purchasing an additional 18,178 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Docusign during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 53.14% of the company’s stock.
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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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