AGF Management Ltd. Purchases Shares of 4,647 DocuSign, Inc. (NASDAQ:DOCU)

AGF Management Ltd. acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,647 shares of the company's stock, valued at approximately $418,000.

Several other institutional investors have also modified their holdings of DOCU. Apollon Wealth Management LLC purchased a new stake in DocuSign during the 3rd quarter worth about $203,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of DocuSign by 10.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 475,113 shares of the company's stock worth $29,500,000 after acquiring an additional 44,615 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of DocuSign by 211.4% during the 3rd quarter. Victory Capital Management Inc. now owns 409,877 shares of the company's stock worth $25,449,000 after acquiring an additional 278,252 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in DocuSign by 9.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 5,442 shares of the company's stock worth $338,000 after purchasing an additional 481 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new position in DocuSign in the third quarter valued at approximately $224,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 15,588 shares of DocuSign stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.78, for a total transaction of $1,524,194.64. Following the completion of the sale, the chief financial officer now directly owns 85,851 shares in the company, valued at approximately $8,394,510.78. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Chatwani sold 14,800 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $97.76, for a total value of $1,446,848.00. Following the sale, the insider now directly owns 73,414 shares in the company, valued at $7,176,952.64. This trade represents a 16.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,888 shares of company stock worth $8,856,718. Company insiders own 1.66% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently commented on DOCU shares. Morgan Stanley lifted their price target on shares of DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Hsbc Global Res upgraded DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Royal Bank of Canada restated a "sector perform" rating and set a $90.00 price target on shares of DocuSign in a research note on Friday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, DocuSign has an average rating of "Hold" and a consensus price target of $95.58.

DocuSign Stock Down 1.1 %

NASDAQ:DOCU traded down $0.91 during midday trading on Monday, reaching $84.85. The stock had a trading volume of 2,444,049 shares, compared to its average volume of 2,402,332. The stock has a market cap of $17.14 billion, a P/E ratio of 17.48, a P/E/G ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The firm has a fifty day simple moving average of $87.97 and a two-hundred day simple moving average of $79.52.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts anticipate 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.