Signaturefd LLC Buys 183 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Signaturefd LLC increased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,686 shares of the company’s stock after acquiring an additional 183 shares during the quarter. Signaturefd LLC’s holdings in DocuSign were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DOCU. Natixis Advisors LLC bought a new position in DocuSign during the third quarter worth $873,000. Caprock Group LLC bought a new position in DocuSign during the third quarter worth $319,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in DocuSign during the third quarter worth $312,000. Commerce Bank increased its position in DocuSign by 3.6% during the third quarter. Commerce Bank now owns 9,852 shares of the company’s stock worth $612,000 after acquiring an additional 341 shares during the period. Finally, Foundry Partners LLC bought a new position in DocuSign during the third quarter worth $553,000. Institutional investors own 77.64% of the company’s stock.

DocuSign Stock Performance

Shares of NASDAQ:DOCU opened at $88.06 on Friday. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The company’s fifty day moving average is $87.54 and its 200-day moving average is $80.31. The company has a market capitalization of $17.79 billion, a PE ratio of 18.16, a P/E/G ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total transaction of $3,601,600.00. Following the transaction, the chief executive officer now owns 156,050 shares in the company, valued at $14,050,742. This represents a 20.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total transaction of $676,275.00. Following the transaction, the insider now owns 43,781 shares in the company, valued at approximately $3,947,732.77. This trade represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,851 shares of company stock worth $8,579,369 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. HSBC reissued a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. William Blair raised shares of DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. JPMorgan Chase & Co. raised shares of DocuSign from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $70.00 to $75.00 in a report on Monday, March 10th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price target on shares of DocuSign from $70.00 to $73.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $95.00.

About DocuSign

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.