Insigneo Advisory Services LLC Buys New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Insigneo Advisory Services LLC acquired a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,654 shares of the company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC increased its stake in shares of DocuSign by 60.5% during the third quarter. MML Investors Services LLC now owns 12,034 shares of the company's stock valued at $747,000 after acquiring an additional 4,538 shares during the period. World Investment Advisors LLC acquired a new position in shares of DocuSign during the 3rd quarter valued at $2,314,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DocuSign during the 3rd quarter valued at $51,000. Optimist Retirement Group LLC raised its stake in shares of DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company's stock worth $274,000 after buying an additional 161 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of DocuSign by 62.8% in the third quarter. Tidal Investments LLC now owns 44,946 shares of the company's stock valued at $2,791,000 after buying an additional 17,339 shares during the period. Institutional investors own 77.64% of the company's stock.

DocuSign Price Performance

DOCU traded up $3.96 during midday trading on Thursday, hitting $81.97. 922,031 shares of the company's stock traded hands, compared to its average volume of 2,727,811. The company has a market cap of $16.60 billion, a PE ratio of 16.93, 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 stock's fifty day simple moving average is $80.55 and its 200-day simple moving average is $83.34.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, research analysts expect that DocuSign, Inc. will post 1.17 EPS for the current year.

Analyst Ratings Changes

DOCU has been the topic of several research reports. Bank of America dropped their price target on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Citigroup increased their target price on shares of DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Robert W. Baird set a $93.00 target price on DocuSign in a report on Friday, March 14th. UBS Group dropped their price target on DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price objective on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $92.46.

Insider Transactions at DocuSign

In other DocuSign news, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. The trade was a 6.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the transaction, the chief financial officer now directly owns 93,960 shares in the company, valued at $7,817,472. This trade represents a 14.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,851 shares of company stock worth $4,607,439. 1.66% of the stock is owned by insiders.

About DocuSign

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.