Lecap Asset Management Ltd. Has $3.28 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Lecap Asset Management Ltd. lifted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 312.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,858 shares of the company's stock after buying an additional 40,037 shares during the period. Lecap Asset Management Ltd.'s holdings in DocuSign were worth $3,282,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in DocuSign by 5,000.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares during the period. Mather Group LLC. lifted its stake in DocuSign by 4,338.5% during the second quarter. Mather Group LLC. now owns 577 shares of the company's stock valued at $31,000 after purchasing an additional 564 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in DocuSign during the first quarter valued at approximately $37,000. nVerses Capital LLC acquired a new stake in DocuSign during the second quarter valued at approximately $48,000. Finally, Quarry LP acquired a new stake in DocuSign during the second quarter valued at approximately $53,000. Institutional investors own 77.64% of the company's stock.

Insider Activity

In other news, CFO Blake Jeffrey Grayson sold 9,552 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60. Following the transaction, the chief financial officer now owns 78,265 shares in the company, valued at approximately $5,384,632. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Daniel D. Springer sold 287,052 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $53.78, for a total value of $15,437,656.56. Following the transaction, the director now directly owns 923,445 shares in the company, valued at approximately $49,662,872.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Blake Jeffrey Grayson sold 9,552 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60. Following the completion of the transaction, the chief financial officer now owns 78,265 shares in the company, valued at $5,384,632. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,554 shares of company stock worth $23,129,150. 1.66% of the stock is owned by corporate insiders.

DocuSign Price Performance

DocuSign stock traded down $0.12 during trading hours on Wednesday, hitting $70.56. The company had a trading volume of 2,896,151 shares, compared to its average volume of 2,938,333. The firm has a market capitalization of $14.44 billion, a P/E ratio of 135.92, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92. The firm's fifty day moving average is $61.05 and its 200-day moving average is $57.41. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $73.80.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America increased their target price on shares of DocuSign from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. JMP Securities restated a "market outperform" rating and set a $84.00 price target on shares of DocuSign in a report on Thursday, September 5th. Citigroup boosted their price target on shares of DocuSign from $86.00 to $87.00 and gave the company a "buy" rating in a report on Friday, September 6th. Robert W. Baird boosted their price target on shares of DocuSign from $55.00 to $59.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Finally, Royal Bank of Canada boosted their price target on shares of DocuSign from $52.00 to $57.00 and gave the company a "sector perform" rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, DocuSign presently has a consensus rating of "Hold" and a consensus price target of $63.40.

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.