GeoWealth Management LLC Grows Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

GeoWealth Management LLC raised its stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 4,535.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,649 shares of the company's stock after purchasing an additional 14,333 shares during the period. GeoWealth Management LLC's holdings in DocuSign were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in DocuSign during the fourth quarter valued at approximately $30,000. Modus Advisors LLC acquired a new position in shares of DocuSign during the fourth quarter worth $36,000. First Horizon Advisors Inc. lifted its holdings in shares of DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after purchasing an additional 201 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of DocuSign by 490.0% in the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company's stock worth $42,000 after purchasing an additional 392 shares in the last quarter. Finally, Avion Wealth boosted its position in shares of DocuSign by 309.2% in the 4th quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after purchasing an additional 368 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DOCU shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $90.00 price target on shares of DocuSign in a research note on Friday, March 14th. Hsbc Global Res upgraded shares of DocuSign from a "moderate sell" rating to a "hold" rating in a research note on Friday, April 11th. Jefferies Financial Group dropped their target price on shares of DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Citigroup raised their price target on shares of DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Finally, HSBC raised shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.46.

DocuSign Trading Up 3.2 %

DocuSign stock traded up $2.31 during mid-day trading on Tuesday, hitting $74.20. The company had a trading volume of 1,551,102 shares, compared to its average volume of 2,734,537. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 6.94 and a beta of 1.20. The company's fifty day moving average is $80.73 and its 200-day moving average is $83.38. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.86 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 company had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same quarter last year, the business earned $0.76 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction of $608,720.00. Following the completion of the sale, the chief financial officer now directly owns 86,156 shares in the company, valued at approximately $6,555,610.04. The trade was a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction 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. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,851 shares of company stock worth $4,607,439 in the last quarter. Corporate 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.