denkapparat Operations GmbH Buys Shares of 9,842 DocuSign, Inc. (NASDAQ:DOCU)

denkapparat Operations GmbH acquired a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,842 shares of the company's stock, valued at approximately $885,000. DocuSign accounts for about 1.3% of denkapparat Operations GmbH's holdings, making the stock its 10th biggest position.

Several other hedge funds have also modified their holdings of DOCU. Kestra Investment Management LLC acquired a new position in shares of DocuSign in the 4th quarter valued at about $30,000. First Horizon Advisors Inc. lifted its holdings in shares of DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after buying an additional 201 shares during the period. Modus Advisors LLC acquired a new position in DocuSign during the fourth quarter worth about $36,000. Itau Unibanco Holding S.A. bought a new stake in DocuSign in the third quarter worth about $28,000. Finally, Avion Wealth lifted its holdings in DocuSign by 309.2% in the 4th quarter. Avion Wealth now owns 487 shares of the company's stock valued at $43,000 after acquiring an additional 368 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DOCU. Robert W. Baird set a $93.00 target price on shares of DocuSign in a research note on Friday, March 14th. Wells Fargo & Company increased their price objective on DocuSign from $70.00 to $73.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. HSBC reaffirmed a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. Finally, Bank of America decreased their target price on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, DocuSign presently has an average rating of "Hold" and an average price target of $95.83.

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DocuSign Stock Performance

DOCU traded up $0.40 during trading on Tuesday, reaching $81.80. 780,049 shares of the stock were exchanged, compared to its average volume of 2,681,750. The stock has a market cap of $16.56 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The stock's 50 day moving average price is $87.01 and its two-hundred day moving average price is $81.71.

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

Insider Buying and Selling

In related 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 completion of the transaction, the director now owns 8,270 shares in the company, valued at $722,880.70. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total transaction of $676,275.00. Following the completion of the sale, the insider now directly owns 43,781 shares in the company, valued at approximately $3,947,732.77. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,851 shares of company stock worth $8,579,369 in the last 90 days. Insiders own 1.66% of the company's stock.

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.