According to the most recent filing that FourThought Financial LLC made with the Securities and Exchange Commission, during the third quarter of 2018, it reduced its holdings in DocuSign, INC (NASDAQ: DOCU) by 43.6%. Following the transaction throughout the period, the institutional investor was left in possession of 17,785 shares of the company’s stock after having sold 13,750 shares of the company stock.
The value of FourThought Financial LLC’s holdings in DocuSign as of the end of the most recent fiscal quarter was $950,000.
DocuSign Director Daniel D. Springer made a transaction to sell 147,009 shares of the company’s stock on Tuesday, January 17.
This is yet another new turn of events.
The price per share that was paid on average was $58.48, bringing the total amount paid for the shares to 8,597,086.32 dollars.
The director has gained direct ownership of 1,524,335 shares of company stock as a direct result of the transaction, and the total value of these shares is $89,143,110.80.
The sale was brought to the general public’s attention using a legal filing handed to the SEC. On the website of the SEC, you can locate this particular file.
The announcement that Director Daniel D. Springer had sold 147,009 shares of company stock was one of the other pieces of news published on Tuesday, January 17.
The price per share that was paid on average was $58.48, bringing the total amount paid for the shares to 8,597,086.32 dollars.
Following the completion of the transaction, the director will have 1,524,335 shares in the company.
At the moment, these shares have a value of $89,143,110.80.
If you follow the link, you will be taken to a document submitted to the SEC, which will provide you with additional information regarding the sale.
Daniel D. Springer, a company director, sold 147,008 shares of the company’s stock on January 19.
Daniel D. Springer also sold shares on the 19th.
The total amount made from the sale of the shares was $8,097,200.64, which comes out to $55.08 for each share sold.
As a direct consequence of the transaction, the director now holds a total of 1,225,714 shares in the company.
Based on the current market price, these shares have a value of approximately $67,512,327.12.
Disclosures related to the sale might be found in this website section.
Insiders of the company hold a stake equal to 2.5% of the total shares held by the company.
Several hedge funds have recently adjusted the size of their company investments, a trend observed in the most recent few months.
During the second quarter, CoreCap Advisors LLC made several additional investments, bringing the total value of the company’s DocuSign holdings to approximately $93,000.
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 directly owns 12,111 shares of the company’s stock, which have a value of $695,000.
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 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 was the beneficiary of a 188.6% increase in Westpac Banking Corporation’s holdings during the third quarter.
After making an additional purchase of 36,353 shares during the most recent quarter, Westpac Banking Corp. now has 55,632 shares of ownership in the business.
The value of these shares on the market currently is $2,975,000.
Last but certainly not least, Caisse de Depot et Placement du Québec purchased a new stake in DocuSign at approximately 321,000 dollars during the second quarter.
Institutional investors and hedge funds collectively own 76.18% of the total number of shares in the company, making up the majority of the shareholders.
The price of a single share of NASDAQ DOCU was $56.55 when trading began on Thursday.
The moving average of the company’s performance over the past 200 days is $54.34, while the moving average over the past 50 days is $60.38.
The stock trades at a price that results in a price-to-earnings ratio of -115.41, a price-to-earnings-to-growth ratio of 42.07, and a beta value of 1.00.
The market value of the company’s shares is $11.37 billion. Over the past year, the share price of DocuSign, INC has fluctuated between $39.57 and $113.67.
The price has fluctuated between a low of $39.57 and a high of $113.67 at various times.
A debt-to-equity ratio comes in at 1.46, a quick ratio at 1.02, and a current ratio at 1.02.
Recently, the DOCU stock has been the subject of commentary from several analysts.
DocuSign’s stock has gone from having a “neutral” rating with UBS Group to have a “sell” rating, and the price target for the stock has been raised to $52.00. On February 21, a study note was distributed to the general public.
Piper Sandler stated their intention to reduce their price target for DocuSign shares from $65.00 to $60.00 in a research note that was published on Friday, March 10. Robert W.
Baird raised their price objective for DocuSign shares from $50.00 to $70.00 in a research note published on Friday, March 10.
The note was published online. Wedbush increased their price objective on DocuSign shares from $55.00 to $60.00 and gave the company a “neutral” rating in a research note issued on Friday, March 10. Royal Bank of Canada upgraded DocuSign from a rating of “sector performs” to an enhanced rating of “outperform” in a research note published on Friday, March 10, and increased their price objective on the stock from $53.00 to $59.00.
The stock has been given a buy rating from three different analysts, a hold rating from nine different analysts, and a sell rating from three different analysts specializing in equity research.
The current rating for DocuSign on Bloomberg.com is “Hold,” and the website’s analysts anticipate that the company’s price will average $62.93, according to the data compiled by the website.
DocuSign, INC is a company that provides services for hosting digital signatures in the cloud.
These services can be accessed from anywhere.
Because it is hosted in the cloud, its electronic signature technology allows individuals and businesses to collect information risk-free, automate data operations, and sign virtually anything.
The company automates laborious processes dependent on paper-based systems to provide its customers with the ability to manage all aspects of recorded business transactions.
Identity management, authentication, digital signatures, forms and data collection, collaboration, workflow automation, and storage are some of the components that fall under this category.