Oxford Financial Group LTD. LLC Invests $1.64 Million in DocuSign, Inc. (NASDAQ:DOCU)

Oxford Financial Group LTD. LLC acquired a new position in DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 18,228 shares of the company’s stock, valued at approximately $1,639,000.

Several other large investors have also recently modified their holdings of DOCU. Oppenheimer Asset Management Inc. increased its holdings in shares of DocuSign by 9.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,442 shares of the company’s stock worth $338,000 after buying an additional 481 shares during the period. CIBC Asset Management Inc increased its holdings in DocuSign by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,293 shares of the company’s stock valued at $453,000 after purchasing an additional 372 shares during the period. Natixis Advisors LLC purchased a new position in DocuSign during the 3rd quarter valued at about $873,000. Pathstone Holdings LLC increased its holdings in DocuSign by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 137,343 shares of the company’s stock valued at $8,528,000 after purchasing an additional 5,519 shares during the period. Finally, Caprock Group LLC purchased a new position in DocuSign during the 3rd quarter valued at about $319,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Allan C. Thygesen sold 40,000 shares of DocuSign stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the sale, the chief executive officer now directly owns 156,050 shares in the company, valued at $14,050,742. The trade was a 20.40 % decrease in their ownership of the stock. 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 DocuSign stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the completion of the sale, the insider now owns 76,842 shares of the company’s stock, valued at $6,392,485.98. This represents a 16.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,851 shares of company stock valued at $8,579,369. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. HSBC restated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. William Blair upgraded DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday. Piper Sandler boosted their price target on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Citigroup boosted their price target on DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a report on Friday, March 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 target price on shares of DocuSign in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $95.00.

DocuSign Stock Performance

Shares of DocuSign stock opened at $85.11 on Friday. The stock has a market capitalization of $17.19 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The company has a 50-day simple moving average of $87.58 and a two-hundred day simple moving average of $79.95.

DocuSign (NASDAQ:DOCU) last issued its 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 during the quarter, compared to analysts’ expectations of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, equities research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

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.