DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by DnB Asset Management AS

DnB Asset Management AS boosted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,620 shares of the company's stock after purchasing an additional 4,020 shares during the period. DnB Asset Management AS's holdings in DocuSign were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC boosted its stake in shares of DocuSign by 2.3% in the fourth quarter. Level Four Advisory Services LLC now owns 106,826 shares of the company's stock worth $9,608,000 after buying an additional 2,370 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in DocuSign in the 4th quarter worth approximately $1,073,000. denkapparat Operations GmbH acquired a new stake in shares of DocuSign during the 4th quarter worth approximately $885,000. Pictet Asset Management Holding SA increased its holdings in shares of DocuSign by 41.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 118,551 shares of the company's stock valued at $10,662,000 after purchasing an additional 34,688 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of DocuSign by 20.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 179,453 shares of the company's stock valued at $16,140,000 after purchasing an additional 30,859 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Stock Performance

Shares of NASDAQ DOCU traded down $5.16 during mid-day trading on Friday, reaching $72.21. The company's stock had a trading volume of 2,881,620 shares, compared to its average volume of 2,700,521. The stock has a market capitalization of $14.62 billion, a P/E ratio of 14.89, a P/E/G 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 stock has a 50-day moving average of $86.02 and a two-hundred day moving average of $82.17.

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DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The company 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%. DocuSign's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Analysts predict that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DOCU. Wedbush restated a "neutral" rating and set a $100.00 price target on shares of DocuSign in a research report on Friday, March 14th. Robert W. Baird set a $93.00 price target on DocuSign in a research note on Friday, March 14th. Morgan Stanley upped their price target on DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Citigroup raised their price objective on DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, William Blair raised DocuSign from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of "Hold" and a consensus price target of $95.83.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares in the company, valued at $6,765,251.90. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Solvik sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $91.26, for a total transaction of $912,600.00. Following the sale, the director now owns 150,253 shares of the company's stock, valued at $13,712,088.78. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,851 shares of company stock worth $4,911,319 in the last three months. 1.66% of the stock is owned by corporate insiders.

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.