Summit X LLC acquired a new stake in shares of Docusign Inc (NASDAQ:DOCU) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,607 shares of the company’s stock, valued at approximately $668,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bain Capital Public Equity Management LLC acquired a new position in Docusign in the second quarter worth about $343,705,000. KPCB DGF Associates LLC acquired a new position in Docusign in the second quarter worth about $163,591,000. FMR LLC acquired a new position in Docusign in the second quarter worth about $158,068,000. Wasatch Advisors Inc. acquired a new position in Docusign in the second quarter worth about $86,763,000. Finally, BlackRock Inc. acquired a new position in Docusign in the second quarter worth about $89,784,000. 34.12% of the stock is owned by institutional investors and hedge funds.

Shares of Docusign stock opened at $52.54 on Monday. Docusign Inc has a 1-year low of $37.00 and a 1-year high of $68.35.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $167.04 million for the quarter, compared to the consensus estimate of $158.70 million. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. analysts forecast that Docusign Inc will post -2.46 earnings per share for the current year.

Several research analysts recently issued reports on DOCU shares. Zacks Investment Research lowered shares of Docusign from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Docusign to $70.00 and gave the stock an “overweight” rating in a research report on Friday, June 8th. Morgan Stanley increased their price target on shares of Docusign from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 6th. Bank of America increased their price target on shares of Docusign from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, JMP Securities increased their price target on shares of Docusign from $63.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $62.33.

In other Docusign news, Director Peter Solvik sold 1,304,348 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $55.00, for a total transaction of $71,739,140.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Docusign Company Profile

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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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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