DocuSign, Inc. (NASDAQ:DOCU) Holdings Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC raised its position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,826 shares of the company's stock after purchasing an additional 4,341 shares during the quarter. Guggenheim Capital LLC's holdings in DocuSign were worth $1,064,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. World Investment Advisors LLC acquired a new stake in DocuSign during the 3rd quarter worth about $2,314,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of DocuSign in the third quarter worth approximately $51,000. Optimist Retirement Group LLC boosted its holdings in shares of DocuSign by 3.8% during the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company's stock worth $274,000 after purchasing an additional 161 shares during the period. Tidal Investments LLC grew its position in DocuSign by 62.8% during the third quarter. Tidal Investments LLC now owns 44,946 shares of the company's stock valued at $2,791,000 after purchasing an additional 17,339 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in DocuSign by 12.1% in the 3rd quarter. Franklin Resources Inc. now owns 520,925 shares of the company's stock valued at $35,870,000 after buying an additional 56,221 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

DocuSign Price Performance

Shares of DOCU opened at $74.20 on Wednesday. The company has a market capitalization of $15.02 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The company's fifty day moving average price is $80.73 and its 200 day moving average price is $83.38.

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

Insider Buying and Selling at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the sale, the chief financial officer now owns 86,156 shares of the company's stock, valued at $6,555,610.04. The trade was a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the transaction, the insider now directly owns 45,875 shares of the company's stock, valued at $3,730,096.25. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,851 shares of company stock valued at $4,607,439 in the last quarter. Corporate insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

DOCU has been the subject of a number of research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 target price on shares of DocuSign in a research note on Friday, March 14th. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 target price on the stock in a research note on Friday, April 11th. Robert W. Baird set a $93.00 price target on DocuSign 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 note on Thursday, April 17th. Finally, Wells Fargo & Company cut their price objective on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, DocuSign presently has an average rating of "Hold" and an average target price of $92.46.

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.

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