Banco Bilbao Vizcaya Argentaria S.A. Has $3.39 Million Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,437 shares of the company's stock after selling 3,270 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in DocuSign were worth $3,393,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in DocuSign by 118.8% in the fourth quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after purchasing an additional 330,136 shares in the last quarter. KBC Group NV grew its stake in shares of DocuSign by 32.7% in the 4th quarter. KBC Group NV now owns 1,535,107 shares of the company's stock valued at $138,067,000 after buying an additional 378,233 shares in the last quarter. Jennison Associates LLC acquired a new position in DocuSign in the fourth quarter worth approximately $12,897,000. Everence Capital Management Inc. acquired a new position in DocuSign in the fourth quarter worth approximately $720,000. Finally, Principal Financial Group Inc. raised its position in DocuSign by 3,026.7% during the fourth quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock valued at $49,179,000 after acquiring an additional 529,308 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Buying and Selling at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Chatwani sold 15,706 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total value of $1,306,582.14. Following the sale, the insider now owns 76,842 shares in the company, valued at approximately $6,392,485.98. This trade represents a 16.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,851 shares of company stock worth $4,607,439 over the last three months. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. HSBC upgraded shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price target on the stock in a report on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of DocuSign in a research report on Monday, April 21st. JMP Securities reiterated a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a research note on Thursday, April 17th. Hsbc Global Res raised DocuSign from a "moderate sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 target price on shares of DocuSign in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $92.46.

DocuSign Trading Up 1.4 %

Shares of NASDAQ:DOCU opened at $82.81 on Friday. The firm has a market capitalization of $16.77 billion, a PE ratio of 17.07, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The business's 50 day moving average is $80.34 and its 200-day moving average is $83.68.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts predict that DocuSign, Inc. will post 1.17 EPS for the current 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.

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