Natixis Advisors LLC Grows Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Natixis Advisors LLC lifted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,457 shares of the company's stock after acquiring an additional 11,399 shares during the period. Natixis Advisors LLC's holdings in DocuSign were worth $2,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp raised its holdings in DocuSign by 2.3% during the third quarter. State Street Corp now owns 5,372,939 shares of the company's stock worth $333,604,000 after purchasing an additional 120,743 shares in the last quarter. Geode Capital Management LLC grew its position in shares of DocuSign by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company's stock valued at $215,789,000 after purchasing an additional 53,554 shares during the last quarter. FMR LLC increased its stake in shares of DocuSign by 16.8% during the 3rd quarter. FMR LLC now owns 2,192,885 shares of the company's stock worth $136,156,000 after purchasing an additional 315,073 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in DocuSign by 61.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company's stock valued at $150,525,000 after buying an additional 637,505 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in DocuSign by 14.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,659,367 shares of the company's stock valued at $103,030,000 after buying an additional 208,813 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

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DocuSign Stock Down 1.4 %

Shares of NASDAQ DOCU traded down $1.26 during trading on Thursday, hitting $85.65. 1,998,193 shares of the company traded hands, compared to its average volume of 2,617,904. The firm has a market capitalization of $17.34 billion, a P/E ratio of 17.66, a P/E/G ratio of 6.94 and a beta of 1.02. The company has a 50-day moving average price of $87.41 and a 200-day moving average price of $80.95. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm'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 earnings per share. Research analysts predict that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value 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 trade represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total transaction of $676,275.00. Following the transaction, the insider now owns 43,781 shares in the company, valued at $3,947,732.77. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,851 shares of company stock worth $8,579,369. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DOCU shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. Wells Fargo & Company upped their target price on shares of DocuSign from $70.00 to $73.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Wedbush reiterated a "neutral" rating and set a $100.00 price target on shares of DocuSign in a report on Friday, March 14th. Piper Sandler boosted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, JMP Securities restated a "market outperform" rating and set a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $95.00.

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.