DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 200.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,666 shares of the company's stock after acquiring an additional 7,788 shares during the period. Wealthfront Advisers LLC's holdings in DocuSign were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DOCU. Itau Unibanco Holding S.A. purchased a new position in shares of DocuSign during the 3rd quarter worth $28,000. Kestra Investment Management LLC purchased a new position in shares of DocuSign during the 4th quarter worth $30,000. Brooklyn Investment Group purchased a new position in shares of DocuSign during the 3rd quarter worth $33,000. Modus Advisors LLC purchased a new position in shares of DocuSign during the 4th quarter worth $36,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DOCU shares. JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Monday, March 10th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a report on Friday, December 6th. HSBC restated a "reduce" rating on shares of DocuSign in a report on Friday, December 6th. William Blair upgraded shares of DocuSign from a "market perform" rating to an "outperform" rating in a report on Monday. Finally, Robert W. Baird set a $93.00 price objective on shares of DocuSign in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $95.00.

Remove Ads

Insider Activity at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 15,588 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total value of $1,524,194.64. Following the completion of the transaction, the chief financial officer now directly owns 85,851 shares of the company's stock, valued at $8,394,510.78. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,422 shares of company stock valued at $8,903,395 over the last three months. 1.66% of the stock is owned by corporate insiders.

DocuSign Price Performance

Shares of DocuSign stock traded up $1.58 on Tuesday, reaching $85.01. 3,243,757 shares of the company were exchanged, compared to its average volume of 2,609,455. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a market cap of $17.17 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. The stock's 50 day moving average price is $87.75 and its 200-day moving average price is $79.87.

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

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.