By otakuyassine3@gmail.com 
Natixis Advisors LLC lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU – Free Report) by 81.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,457 shares of the company’s stock after acquiring an additional 11,399 shares during the period. Natixis Advisors LLC’s holdings in DocuSign were worth $2,290,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Frank Rimerman Advisors LLC bought a new position in shares of DocuSign in the fourth quarter worth about $285,000. Picton Mahoney Asset Management boosted its stake in shares of DocuSign by 13.0% in the fourth quarter. Picton Mahoney Asset Management now owns 7,223 shares of the company’s stock worth $650,000 after acquiring an additional 829 shares during the period. Sienna Gestion bought a new position in DocuSign during the fourth quarter valued at approximately $6,244,000. Left Brain Wealth Management LLC grew its holdings in DocuSign by 98.7% during the 4th quarter. Left Brain Wealth Management LLC now owns 17,559 shares of the company’s stock valued at $1,579,000 after buying an additional 8,720 shares in the last quarter. Finally, Gerber LLC bought a new stake in DocuSign in the 4th quarter worth approximately $216,000. Institutional investors own 77.64% of the company’s stock.
DocuSign Stock Up 3.5 %
DOCU opened at $88.06 on Monday. The business has a fifty day moving average of $87.54 and a 200 day moving average of $80.47. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a market cap of $17.79 billion, a P/E ratio of 18.16, a PEG ratio of 6.94 and a beta of 1.02.
DocuSign (NASDAQ:DOCU – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $760.94 million. During the same period in the prior year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DOCU. William Blair raised shares of DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Jefferies Financial Group upped their price target on shares of DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 target price on shares of DocuSign in a research report on Friday, March 14th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Finally, Bank of America decreased their price objective on DocuSign from $112.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Two research 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 stock currently has an average rating of “Hold” and a consensus target price of $95.00.
Check Out Our Latest Analysis on DocuSign
Insiders Place Their Bets
In related news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares in the company, valued at $722,880.70. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total value 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. This trade represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,851 shares of company stock worth $8,579,369. 1.66% of the stock is currently owned by company insiders.
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.
Further Reading
Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DocuSign, Inc. (NASDAQ:DOCU – Free Report).
Receive News & Ratings for DocuSign Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DocuSign and related companies with MarketBeat.com’s FREE daily email newsletter.