LSV Asset Management Has $33.88 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

LSV Asset Management grew its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,700 shares of the company's stock after purchasing an additional 109,000 shares during the period. LSV Asset Management owned approximately 0.19% of DocuSign worth $33,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DOCU. Citizens Financial Group Inc. RI boosted its position in DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company's stock worth $539,000 after acquiring an additional 133 shares during the last quarter. Rakuten Securities Inc. increased its stake in DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock valued at $72,000 after buying an additional 138 shares during the last quarter. Synergy Financial Group LTD boosted its stake in shares of DocuSign by 3.4% during the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock worth $381,000 after buying an additional 140 shares during the last quarter. M&T Bank Corp increased its position in shares of DocuSign by 1.3% in the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after acquiring an additional 143 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after acquiring an additional 145 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOCU has been the topic of a number of analyst reports. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective on the stock in a research note on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating and set a $90.00 price objective on shares of DocuSign in a research note on Friday, March 14th. UBS Group cut their target price on shares of DocuSign from $100.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Hsbc Global Res upgraded DocuSign from a "moderate sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, JMP Securities reissued a "market outperform" rating and set a $124.00 target price on shares of DocuSign in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $93.46.

Insiders Place Their Bets

In other DocuSign 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 value of $46,676.94. Following the completion of the transaction, the director now directly owns 8,270 shares in the company, valued at approximately $722,880.70. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign 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 sale, the chief financial officer now owns 86,156 shares in the company, 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 sold 55,851 shares of company stock worth $4,607,439 over the last three months. Insiders own 1.66% of the company's stock.

DocuSign Stock Performance

Shares of NASDAQ DOCU traded down $0.97 during mid-day trading on Thursday, reaching $75.42. The company had a trading volume of 440,603 shares, compared to its average volume of 2,722,182. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 6.94 and a beta of 1.20. The business's 50-day simple moving average is $81.91 and its 200 day simple moving average is $82.91. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its 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 firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same period last year, the firm earned $0.76 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that DocuSign, Inc. will post 1.17 EPS 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.