QRG Capital Management Inc. Takes $1.94 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

QRG Capital Management Inc. purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,175 shares of the company's stock, valued at approximately $1,936,000.

A number of other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its holdings in DocuSign by 5,000.0% in the second 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% in the second quarter. Mather Group LLC. now owns 577 shares of the company's stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Reston Wealth Management LLC acquired a new position in DocuSign during the 3rd quarter worth approximately $47,000. nVerses Capital LLC purchased a new stake in shares of DocuSign in the 2nd quarter valued at approximately $48,000. Finally, Quarry LP acquired a new stake in shares of DocuSign in the 2nd quarter valued at $53,000. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Trading Up 3.8 %

Shares of DOCU traded up $2.91 during trading hours on Friday, reaching $79.38. The company had a trading volume of 2,656,758 shares, compared to its average volume of 2,892,185. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 7.39 and a beta of 0.90. DocuSign, Inc. has a 12-month low of $39.65 and a 12-month high of $79.50. The firm has a 50 day simple moving average of $64.01 and a 200-day simple moving average of $58.36.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.17. The company had revenue of $736.03 million during 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%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Sell-side analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on DOCU shares. Wells Fargo & Company boosted their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a report on Friday, September 6th. JMP Securities reissued a "market outperform" rating and set a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Citigroup upped their price target on DocuSign from $86.00 to $87.00 and gave the company a "buy" rating in a report on Friday, September 6th. Finally, Robert W. Baird raised their price objective on shares of DocuSign from $55.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, DocuSign presently has an average rating of "Hold" and an average target price of $63.40.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,764 shares of DocuSign stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the transaction, the chief executive officer now owns 107,825 shares in the company, valued at approximately $7,542,358.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Allan C. Thygesen sold 7,764 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $69.95, for a total value of $543,091.80. Following the completion of the transaction, the chief executive officer now directly owns 107,825 shares of the company's stock, valued at $7,542,358.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 7,725 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total value of $456,470.25. Following the completion of the sale, the chief executive officer now owns 102,193 shares in the company, valued at $6,038,584.37. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,558 shares of company stock valued at $4,272,768. Insiders own 1.66% of the company's stock.

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.