Wellington Management Group LLP Has $34.78 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Wellington Management Group LLP lifted its position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 1,054.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,680 shares of the company's stock after acquiring an additional 353,172 shares during the period. Wellington Management Group LLP owned approximately 0.19% of DocuSign worth $34,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in DocuSign during the fourth quarter valued at approximately $30,000. Modus Advisors LLC bought a new position in shares of DocuSign in the 4th quarter valued at $36,000. 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 buying an additional 201 shares in the last quarter. Avion Wealth lifted its position in shares of DocuSign by 309.2% during the 4th quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after buying an additional 368 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in DocuSign by 36.5% in the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock valued at $49,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

DocuSign Stock Performance

Shares of DOCU traded up $1.13 during mid-day trading on Friday, reaching $74.35. 2,008,138 shares of the company were exchanged, compared to its average volume of 2,726,737. The business has a 50 day simple moving average of $82.95 and a two-hundred day simple moving average of $82.76. The stock has a market capitalization of $15.06 billion, a PE ratio of 15.33, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

Remove Ads

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

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the business'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 in the company, valued at approximately $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 have sold a total of 47,851 shares of company stock worth $3,998,719 over the last quarter. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group lowered their target price on DocuSign from $100.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Wedbush reiterated a "neutral" rating and set a $100.00 price objective on shares of DocuSign in a research report on Friday, March 14th. Robert W. Baird set a $93.00 target price on shares of DocuSign in a research report on Friday, March 14th. Wells Fargo & Company upped their price target on shares of DocuSign from $70.00 to $73.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, DocuSign currently has an average rating of "Hold" and a consensus price target of $93.85.

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.