Empowered Funds LLC Has $10.66 Million Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Empowered Funds LLC grew its stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 225.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,669 shares of the company's stock after buying an additional 118,955 shares during the quarter. Empowered Funds LLC owned 0.08% of DocuSign worth $10,659,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in DocuSign during the 1st quarter worth approximately $251,000. Russell Investments Group Ltd. increased its stake in DocuSign by 24.8% in the 1st quarter. Russell Investments Group Ltd. now owns 224,433 shares of the company's stock valued at $13,360,000 after buying an additional 44,597 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in DocuSign by 7.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,173 shares of the company's stock valued at $963,000 after buying an additional 1,077 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in DocuSign by 336.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,812 shares of the company's stock worth $3,443,000 after buying an additional 44,573 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of DocuSign by 22.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 103,048 shares of the company's stock worth $6,137,000 after buying an additional 19,149 shares during the last quarter. Institutional investors own 77.64% of the company's stock.

Insider Buying and Selling

In other DocuSign news, CEO Allan C. Thygesen sold 7,725 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total value of $456,470.25. Following the sale, the chief executive officer now owns 102,193 shares in the company, valued at $6,038,584.37. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Chatwani sold 14,799 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $55.46, for a total value of $820,752.54. Following the sale, the insider now owns 70,748 shares in the company, valued at $3,923,684.08. This represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,558 shares of company stock valued at $4,272,768 over the last quarter. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DOCU has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on DocuSign from $55.00 to $59.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a report on Friday, September 6th. Bank of America upped their price target on shares of DocuSign from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. JMP Securities restated a "market outperform" rating and set a $84.00 price objective on shares of DocuSign in a research note on Thursday, September 5th. Finally, Royal Bank of Canada lifted their price target on DocuSign from $52.00 to $57.00 and gave the stock a "sector perform" rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $63.40.

DocuSign Stock Performance

Shares of DOCU stock traded down $1.25 on Friday, hitting $79.11. The company's stock had a trading volume of 2,165,420 shares, compared to its average volume of 2,883,388. DocuSign, Inc. has a fifty-two week low of $42.12 and a fifty-two week high of $83.68. The stock's 50 day moving average is $67.05 and its 200-day moving average is $59.48. The company has a market capitalization of $16.06 billion, a PE ratio of 16.69, a PEG ratio of 8.66 and a beta of 0.90.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.17. The business had revenue of $736.03 million during the quarter, compared to analysts' expectations of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. On average, research analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current year.

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.