Insigneo Advisory Services LLC Purchases New Position in DocuSign, Inc. (NASDAQ:DOCU)

Insigneo Advisory Services LLC bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,654 shares of the company’s stock, valued at approximately $329,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI lifted its holdings in DocuSign by 2.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after purchasing an additional 133 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after purchasing an additional 138 shares during the last quarter. Synergy Financial Group LTD grew its position in DocuSign by 3.4% in the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after acquiring an additional 140 shares during the period. M&T Bank Corp grew its holdings in shares of DocuSign by 1.3% during the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after acquiring an additional 145 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DOCU shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 price target on shares of DocuSign in a research note on Friday, March 14th. HSBC upgraded DocuSign from a “reduce” rating to a “hold” rating and set a $70.00 price target on the stock in a research note on Friday, April 11th. Robert W. Baird set a $93.00 target price on shares of DocuSign in a report on Friday, March 14th. Wedbush reissued a “neutral” rating and issued a $100.00 target price on shares of DocuSign in a research report on Friday, March 14th. Finally, Hsbc Global Res raised shares of DocuSign from a “moderate sell” rating to a “hold” rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, DocuSign currently has an average rating of “Hold” and a consensus price target of $93.08.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was 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 of the company’s stock, valued at $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the sale, the insider now directly owns 45,875 shares of the company’s stock, valued at $3,730,096.25. This represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,851 shares of company stock worth $4,607,439. 1.66% of the stock is owned by corporate insiders.

DocuSign Stock Down 1.3 %

Shares of NASDAQ DOCU opened at $75.42 on Friday. The firm’s 50-day moving average price is $81.35 and its two-hundred day moving average price is $83.10. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a market capitalization of $15.27 billion, a P/E ratio of 15.55, a P/E/G ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, equities research analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current 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.