United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $558,000 Investment in DocuSign, Inc. (NASDAQ:DOCU)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,200 shares of the company's stock, valued at approximately $558,000.

Several other hedge funds also recently made changes to their positions in DOCU. Natixis Advisors LLC bought a new position in DocuSign in the third quarter valued at $873,000. Commerce Bank grew its holdings in shares of DocuSign by 3.6% in the 3rd quarter. Commerce Bank now owns 9,852 shares of the company's stock valued at $612,000 after acquiring an additional 341 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of DocuSign by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 32,391 shares of the company's stock valued at $2,011,000 after acquiring an additional 447 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in DocuSign by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company's stock worth $82,478,000 after acquiring an additional 16,014 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in DocuSign by 39.6% during the third quarter. Cerity Partners LLC now owns 101,600 shares of the company's stock valued at $6,308,000 after purchasing an additional 28,829 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

DocuSign Stock Performance

NASDAQ:DOCU traded down $2.47 during mid-day trading on Friday, reaching $83.18. 1,503,149 shares of the company's stock were exchanged, compared to its average volume of 2,689,292. The firm has a market capitalization of $16.84 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The business's fifty day simple moving average is $87.18 and its two-hundred day simple moving average is $81.36.

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DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The company had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, equities research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling

In related news, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total value of $1,340,435.20. Following the transaction, the chief financial officer now directly owns 93,960 shares of the company's stock, valued at $7,817,472. This trade represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Allan C. Thygesen sold 40,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the sale, the chief executive officer now directly owns 156,050 shares in the company, valued at approximately $14,050,742. This represents a 20.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,851 shares of company stock worth $8,579,369. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

DOCU has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and set a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a research note on Friday, March 14th. Robert W. Baird set a $93.00 price objective on shares of DocuSign in a research 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. Finally, HSBC reissued a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.