Optimum Investment Advisors Purchases 400 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Optimum Investment Advisors boosted its position in DocuSign, Inc. (NASDAQ:DOCU) by 200.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 600 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Optimum Investment Advisors’ holdings in DocuSign were worth $54,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in DocuSign during the 4th quarter worth approximately $30,000. First Horizon Advisors Inc. increased its holdings in DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after purchasing an additional 201 shares in the last quarter. Modus Advisors LLC bought a new stake in DocuSign during the 4th quarter worth approximately $36,000. Itau Unibanco Holding S.A. bought a new stake in DocuSign during the 3rd quarter worth approximately $28,000. Finally, Avion Wealth increased its holdings in DocuSign by 309.2% during the 4th quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after purchasing an additional 368 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $75.00 in a report on Monday, March 10th. Citigroup boosted their target price on DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. UBS Group cut their target price on DocuSign from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. William Blair upgraded DocuSign from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Finally, Jefferies Financial Group boosted their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, DocuSign has a consensus rating of “Hold” and a consensus price target of $95.00.

Insider Buying and Selling at DocuSign

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total transaction of $676,275.00. Following the sale, the insider now owns 43,781 shares of the company’s stock, valued at $3,947,732.77. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Chatwani sold 15,706 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the sale, the insider now directly owns 76,842 shares in the company, valued at $6,392,485.98. The trade was a 16.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,851 shares of company stock valued at $8,579,369 in the last 90 days. 1.66% of the stock is currently owned by company insiders.

DocuSign Trading Up 3.5 %

DocuSign stock opened at $88.06 on Monday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The business’s 50 day simple moving average is $87.54 and its 200 day simple moving average is $80.47. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 6.94 and a beta of 1.02.

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

DocuSign Company 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.