16,540 Shares in DocuSign, Inc. (NASDAQ:DOCU) Acquired by Virtus ETF Advisers LLC

Virtus ETF Advisers LLC purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,540 shares of the company's stock, valued at approximately $1,488,000. DocuSign makes up about 0.6% of Virtus ETF Advisers LLC's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also bought and sold shares of the business. FMR LLC raised its holdings in shares of DocuSign by 178.2% in the fourth quarter. FMR LLC now owns 6,101,024 shares of the company's stock worth $548,726,000 after buying an additional 3,908,139 shares during the period. American Century Companies Inc. boosted its position in DocuSign by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,315,459 shares of the company's stock valued at $478,072,000 after purchasing an additional 831,611 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of DocuSign by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company's stock worth $392,434,000 after buying an additional 205,304 shares during the last quarter. Geode Capital Management LLC grew its holdings in DocuSign by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company's stock worth $335,147,000 after purchasing an additional 249,179 shares during the last quarter. Finally, Invesco Ltd. increased its position in DocuSign by 283.9% during the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock valued at $310,048,000 after buying an additional 2,549,310 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Insiders Place Their Bets

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the transaction, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,851 shares of company stock valued at $4,607,439 in the last ninety days. Insiders own 1.66% of the company's stock.

DocuSign Price Performance

Shares of DocuSign stock traded up $0.24 on Tuesday, reaching $82.27. 976,029 shares of the company were exchanged, compared to its average volume of 2,742,201. The stock's 50 day moving average price is $80.25 and its 200-day moving average price is $83.87. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a market cap of $16.66 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The company 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 firm's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. On average, research analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded DocuSign from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group decreased their target price on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Hsbc Global Res raised shares of DocuSign from a "moderate sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Morgan Stanley decreased their price target on DocuSign from $97.00 to $92.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $92.46.

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.