Venturi Wealth Management LLC Has $417,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Venturi Wealth Management LLC grew its position in DocuSign, Inc. (NASDAQ:DOCU) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,722 shares of the company’s stock after buying an additional 1,114 shares during the quarter. Venturi Wealth Management LLC’s holdings in DocuSign were worth $417,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DOCU. Massmutual Trust Co. FSB ADV boosted its stake in DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Mather Group LLC. lifted its holdings in shares of DocuSign by 4,338.5% in the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock valued at $31,000 after purchasing an additional 564 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of DocuSign in the third quarter worth $47,000. nVerses Capital LLC acquired a new stake in shares of DocuSign in the second quarter worth $48,000. Finally, Quarry LP purchased a new position in shares of DocuSign during the second quarter valued at $53,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Stock Up 1.5 %

Shares of DocuSign stock opened at $82.47 on Wednesday. The business has a fifty day simple moving average of $65.20 and a 200 day simple moving average of $58.85. The stock has a market cap of $16.74 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 8.40 and a beta of 0.90. DocuSign, Inc. has a 12 month low of $40.64 and a 12 month high of $82.97.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.17. The company had revenue of $736.03 million during the quarter, compared to analyst estimates of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Analysts expect that DocuSign, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, CEO Allan C. Thygesen sold 7,725 shares of DocuSign stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total value of $456,470.25. Following the sale, the chief executive officer now directly owns 102,193 shares in the company, valued at $6,038,584.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total transaction of $456,470.25. Following the transaction, the chief executive officer now directly owns 102,193 shares in the company, valued at approximately $6,038,584.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 7,764 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the sale, the chief executive officer now directly owns 107,825 shares in the company, valued at approximately $7,542,358.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,558 shares of company stock worth $4,272,768 over the last three months. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

DOCU has been the subject of a number of research reports. Citigroup raised their price objective on DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Robert W. Baird increased their target price on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Royal Bank of Canada upped their price target on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company boosted their target price on DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.40.

DocuSign Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.