Aster Capital Management DIFC Ltd Purchases Shares of 4,641 DocuSign, Inc. (NASDAQ:DOCU)

Aster Capital Management DIFC Ltd purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,641 shares of the company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI increased its position in shares of DocuSign by 2.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company's stock valued at $539,000 after acquiring an additional 133 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of DocuSign by 20.9% during the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock worth $72,000 after purchasing an additional 138 shares in the last quarter. Synergy Financial Group LTD boosted its holdings in shares of DocuSign by 3.4% in the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock valued at $381,000 after buying an additional 140 shares during the last quarter. M&T Bank Corp grew its stake in shares of DocuSign by 1.3% in the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after buying an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after purchasing an additional 145 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DOCU shares. Wedbush reiterated a "neutral" rating and set a $100.00 price target on shares of DocuSign in a report on Friday, March 14th. Wells Fargo & Company upped their price objective on shares of DocuSign from $70.00 to $73.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Robert W. Baird set a $93.00 price target on shares of DocuSign in a report on Friday, March 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Finally, UBS Group dropped their price target on DocuSign from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of "Hold" and an average target price of $93.85.

DocuSign Stock Up 1.5 %

Shares of NASDAQ:DOCU traded up $1.13 during midday trading on Friday, hitting $74.35. The stock had a trading volume of 2,008,138 shares, compared to its average volume of 2,726,737. The company's 50-day moving average price is $82.95 and its 200-day moving average price is $82.76. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The company has a market capitalization of $15.06 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced 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. The business had revenue of $776.25 million during 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 company's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. Research analysts expect that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other DocuSign news, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the sale, the director now owns 8,270 shares in the company, valued at $722,880.70. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James P. Shaughnessy sold 7,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total transaction of $609,825.00. Following the sale, the insider now directly owns 45,875 shares in the company, valued at approximately $3,730,096.25. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock worth $3,998,719 in the last ninety days. 1.66% of the stock is owned by insiders.

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.