DocuSign, Inc. (NASDAQ:DOCU) Shares Purchased by GeoWealth Management LLC

GeoWealth Management LLC grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 4,535.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,649 shares of the company’s stock after acquiring an additional 14,333 shares during the quarter. GeoWealth Management LLC’s holdings in DocuSign were worth $1,318,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DOCU. MML Investors Services LLC increased its stake in shares of DocuSign by 60.5% in the third quarter. MML Investors Services LLC now owns 12,034 shares of the company’s stock valued at $747,000 after purchasing an additional 4,538 shares during the period. World Investment Advisors LLC bought a new stake in shares of DocuSign during the third quarter valued at about $2,314,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DocuSign during the third quarter valued at about $51,000. Optimist Retirement Group LLC grew its position in DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after buying an additional 161 shares in the last quarter. Finally, Tidal Investments LLC grew its position in DocuSign by 62.8% in the 3rd quarter. Tidal Investments LLC now owns 44,946 shares of the company’s stock valued at $2,791,000 after buying an additional 17,339 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

DocuSign Stock Performance

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 $83.24. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DOCU shares. William Blair raised shares of DocuSign from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research note on Thursday. Wells Fargo & Company boosted their price objective on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Jefferies Financial Group decreased their target price on DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Hsbc Global Res upgraded shares of DocuSign from a “moderate sell” rating to a “hold” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and an average target price of $93.08.

Insider Buying and Selling

In other news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 8,270 shares of the company’s stock, valued at approximately $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the sale, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,851 shares of company stock worth $4,607,439. 1.66% of the stock is owned by company insiders.

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.