Jump Financial LLC Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Jump Financial LLC bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,434 shares of the company's stock, valued at approximately $669,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of DocuSign by 118.8% during the 4th quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after buying an additional 330,136 shares during the last quarter. KBC Group NV raised its position in DocuSign by 32.7% during the fourth quarter. KBC Group NV now owns 1,535,107 shares of the company's stock valued at $138,067,000 after acquiring an additional 378,233 shares in the last quarter. Jennison Associates LLC purchased a new position in DocuSign during the fourth quarter valued at approximately $12,897,000. Everence Capital Management Inc. acquired a new position in DocuSign in the fourth quarter valued at approximately $720,000. Finally, Principal Financial Group Inc. boosted its position in DocuSign by 3,026.7% in the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock worth $49,179,000 after purchasing an additional 529,308 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Stock Performance

Shares of DOCU stock traded up $1.14 during trading hours on Friday, reaching $82.81. The company had a trading volume of 1,051,319 shares, compared to its average volume of 2,741,011. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 6.94 and a beta of 1.20. The stock has a fifty day moving average of $80.43 and a 200-day moving average of $83.47.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share 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 analysts' expectations of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

DOCU has been the subject of several analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. UBS Group lowered their target price on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Wedbush restated a "neutral" rating and issued a $100.00 price target on shares of DocuSign in a research note on Friday, March 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a report on Thursday, April 17th. Finally, Robert W. Baird set a $93.00 price objective on DocuSign in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $92.46.

Insider Buying and Selling at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the transaction, the director now owns 8,270 shares of the company's stock, valued at approximately $722,880.70. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign 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 completion of the transaction, the chief financial officer now directly owns 86,156 shares of the company's stock, valued at approximately $6,555,610.04. This represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,851 shares of company stock worth $4,607,439 over the last quarter. 1.66% of the stock is currently owned by company 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.