DocuSign's (DOCU) Outperform Rating Reaffirmed at William Blair

William Blair reissued their outperform rating on shares of DocuSign (NASDAQ:DOCU - Free Report) in a report published on Monday,RTT News reports.

A number of other research analysts have also recently commented on DOCU. Jefferies Financial Group decreased their price target on DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. HSBC raised shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 target price on the stock in a report on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. upgraded DocuSign from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $92.46.

DocuSign Stock Up 1.2 %

Shares of DocuSign stock traded up $1.01 during trading on Monday, reaching $82.68. The company's stock had a trading volume of 467,923 shares, compared to its average volume of 2,731,379. The business's 50-day moving average price is $80.43 and its 200-day moving average price is $83.47. DocuSign has a 52 week low of $48.70 and a 52 week high of $107.86. The firm has a market cap of $16.74 billion, a PE ratio of 17.10, a P/E/G ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings data 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. 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 the consensus estimate of $760.94 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict that DocuSign will post 1.17 earnings per share for the current year.

Insider Transactions at DocuSign

In other news, insider James P. Shaughnessy sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the transaction, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. The trade was a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction 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. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,851 shares of company stock worth $4,607,439. Company insiders own 1.66% of the company's stock.

Institutional Trading of DocuSign

A number of institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of DocuSign by 178.2% in the 4th quarter. FMR LLC now owns 6,101,024 shares of the company's stock valued at $548,726,000 after purchasing an additional 3,908,139 shares during the period. Invesco Ltd. lifted its stake in DocuSign by 283.9% in the fourth quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock valued at $310,048,000 after buying an additional 2,549,310 shares during the period. Norges Bank bought a new position in shares of DocuSign during the 4th quarter worth approximately $223,196,000. Arrowstreet Capital Limited Partnership grew its position in shares of DocuSign by 201.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,158,311 shares of the company's stock worth $194,118,000 after buying an additional 1,442,639 shares during the period. Finally, Jericho Capital Asset Management L.P. increased its stake in shares of DocuSign by 34.0% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock valued at $427,642,000 after acquiring an additional 1,205,500 shares in the last quarter. Institutional investors own 77.64% 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.