Docusign Inc (NASDAQ:DOCU) – Analysts at William Blair decreased their Q3 2019 EPS estimates for shares of Docusign in a report issued on Wednesday, September 19th. William Blair analyst J. Furby now anticipates that the company will post earnings of ($0.22) per share for the quarter, down from their previous forecast of ($0.21). William Blair also issued estimates for Docusign’s FY2019 earnings at ($2.45) EPS and FY2020 earnings at ($0.67) EPS.
Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Wednesday, September 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $167.04 million for the quarter, compared to analyst estimates of $158.70 million. Docusign’s revenue was up 33.1% compared to the same quarter last year.
Shares of DOCU opened at $51.83 on Monday. Docusign has a 1 year low of $37.00 and a 1 year high of $68.35.
A number of large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in Docusign in the second quarter valued at approximately $131,000. Bank of Montreal Can acquired a new stake in Docusign in the second quarter valued at approximately $145,000. State of Alaska Department of Revenue acquired a new stake in Docusign in the second quarter valued at approximately $160,000. Westpac Banking Corp acquired a new stake in Docusign in the second quarter valued at approximately $193,000. Finally, Keybank National Association OH acquired a new stake in Docusign in the second quarter valued at approximately $245,000. 34.12% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Peter Solvik sold 1,304,348 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $55.00, for a total value of $71,739,140.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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