Rakuten Securities Inc. Acquires Shares of 2,544 DocuSign, Inc. (NASDAQ:DOCU)

Rakuten Securities Inc. acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,544 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors have also recently bought and sold shares of the business. Prosperity Wealth Management Inc. bought a new position in DocuSign in the 4th quarter valued at $284,000. Desjardins Global Asset Management Inc. raised its position in DocuSign by 60.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 966 shares of the company’s stock valued at $57,000 after purchasing an additional 364 shares during the last quarter. Capital Analysts LLC raised its position in DocuSign by 781.7% in the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after purchasing an additional 469 shares during the last quarter. Mackenzie Financial Corp raised its position in DocuSign by 90.7% in the 4th quarter. Mackenzie Financial Corp now owns 91,950 shares of the company’s stock valued at $5,466,000 after purchasing an additional 43,741 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in DocuSign by 9,284.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 39,039 shares of the company’s stock valued at $2,350,000 after purchasing an additional 38,623 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DOCU shares. Wells Fargo & Company cut their price objective on DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research note on Friday, April 12th. JMP Securities reissued a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research note on Friday, April 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a research note on Friday, April 12th. Finally, UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and lifted their target price for the company from $48.00 to $62.00 in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.25.

Insiders Place Their Bets

In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of DocuSign stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the transaction, the chief executive officer now directly owns 111,767 shares in the company, valued at $6,847,964.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other DocuSign news, CEO Allan C. Thygesen sold 7,765 shares of DocuSign stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $53.31, for a total transaction of $413,952.15. Following the transaction, the chief executive officer now directly owns 104,002 shares in the company, valued at $5,544,346.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 7,680 shares of DocuSign stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total value of $470,553.60. Following the transaction, the chief executive officer now owns 111,767 shares in the company, valued at $6,847,964.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,871 shares of company stock worth $3,176,199. Corporate insiders own 17.80% of the company’s stock.

DocuSign Stock Up 0.6 %

Shares of DocuSign stock opened at $58.06 on Thursday. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The business has a fifty day simple moving average of $55.69 and a 200 day simple moving average of $51.99. The stock has a market cap of $11.93 billion, a PE ratio of 161.28, a price-to-earnings-growth ratio of 5.05 and a beta of 0.89.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. Analysts expect that DocuSign, Inc. will post 0.86 EPS for the current fiscal year.

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.